BlackRock Amends Autodesk Stake: Passive Investment Update
Ticker: ADSK · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 769397
| Field | Detail |
|---|---|
| Company | Autodesk, Inc. (ADSK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Autodesk holdings, still a big passive investor.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Autodesk Inc. common stock as of December 31, 2023. This amendment, the 14th for BlackRock regarding Autodesk, indicates a change in their passive investment stake. For investors, this filing confirms BlackRock's continued significant, albeit passive, interest in Autodesk, suggesting institutional confidence in the company's long-term prospects.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant, passive stake in Autodesk, signaling their ongoing confidence in the company's value.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
An investor should note that BlackRock maintains a passive, significant stake in Autodesk, which can be seen as a vote of confidence from a major institutional investor, but this filing alone doesn't suggest any immediate buying or selling action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Autodesk Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 14'.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the 'subject company' or 'issuer' of the securities?
The subject company or issuer is Autodesk Inc., as identified by 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Autodesk, Inc.' and '(Name of Issuer) AUTODESK INC'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule filed pursuant to?
This Schedule is filed pursuant to Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Autodesk, Inc. (ADSK).