Pictet Asset Management SA filed an amended Schedule 13D with the SEC on October 27, 2026, disclosing its beneficial ownership of common stock in Elastic N.V. following a series of transactions through October 26, 2026.

Key Highlights

  • Beneficial ownership: Pictet Asset Management SA reported aggregate beneficial ownership of 5,217,779 shares of Elastic N.V. common stock, representing approximately 4.9% of the class outstanding.
  • Sole voting power: The reporting person disclosed sole voting power over 5,202,209 shares, with zero shared voting or dispositive power.
  • Purchase cost: According to the filing, the total purchase cost of the position is approximately 396,586,172.
  • Large sell transactions on October 26, 2026: The filing listed sell transactions on that date including 253,287 shares at $106.06 and 13,777 shares at $106.05, both on The New York Stock Exchange.
  • Client assets: The filing states the shares were acquired on behalf of institutional clients managed on a discretionary basis, with the source of funds being those clients' assets.
  • Citizenship: Pictet Asset Management SA is organized in Switzerland, with its address listed as 60 Route des Acacias, Geneva 73, 1211.
  • No control intent: The filing states the reporting person "does not currently have any plans or proposals that would result in a change in control of the Issuer."

Pictet Asset Management's Amended 13D Filing on Elastic N.V. Common Stock

Pictet Asset Management SA, a Switzerland-based investment adviser, filed Amendment No. 1 to its Schedule 13D regarding its holdings in Elastic N.V. (NYSE:ESTC), disclosing a total beneficial ownership of 5,217,779 shares of common stock, or approximately 4.9234% of the class outstanding, according to the filing. The reporting person indicated sole dispositive power over all 5,217,779 shares, while sole voting power covers 5,202,209 shares. Shared voting and dispositive power are both reported as zero.

The filing lists numerous transactions on The New York Stock Exchange between August 28, 2026, and October 26, 2026, spanning both buy and sell activity. The largest single transaction recorded was a sell of 279,279 shares at $99.21 on August 28, 2026. On October 26, 2026, the date of the event triggering the amendment, the filing records net sell activity including 253,287 shares at $106.06 and 13,777 shares at $106.05. Buy transactions are also recorded during the period, including purchases of 129,016 shares at $92.25 and 88,984 shares at $94.24, both on October 5, 2026.

According to the filing, the shares are held on behalf of institutional clients managed on a discretionary basis, and Pictet Asset Management SA itself holds no direct economic interest in dividends or sale proceeds beyond its entitlement to management fees and performance-based compensation. The filing also states that the reporting person is "actively engaging with the Issuer to discuss and promote initiatives" aligned with its investment strategy, which considers long-term strategy, governance, financial performance, and sustainability factors, though it reserves the right to change its intentions.

What Was Disclosed

Pictet Asset Management SA disclosed an amended Schedule 13D reflecting 5,217,779 shares of Elastic N.V. common stock beneficially owned as of October 26, 2026, equal to approximately 4.9% of shares outstanding, held on behalf of discretionary institutional clients.