BlackRock Updates Passive Stake in Align Technology (AMENDMENT 14)
Ticker: ALGN · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1097149
| Field | Detail |
|---|---|
| Company | Align Technology Inc (ALGN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Align Technology; no major red flags, just routine disclosure.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Common Stock in ALIGN TECHNOLOGY INC as of December 31, 2023. This filing, Amendment No. 14, updates BlackRock's passive investment stake in the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy, potentially influencing other investors' perceptions of ALIGN TECHNOLOGY INC's stock.
Why It Matters
This filing shows BlackRock's updated ownership in Align Technology, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note BlackRock's continued passive stake in ALIGN TECHNOLOGY INC, but this filing alone doesn't suggest any immediate buy or sell action. It's a routine disclosure of an institutional holding.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- ALIGN TECHNOLOGY INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 14 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock, Inc. regarding its holdings in ALIGN TECHNOLOGY INC.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors (like BlackRock, Inc. under Rule 13d-1(b)) to report their ownership of 5% or more of a company's stock. The 'A' signifies it's an amendment to a previously filed statement, updating the disclosed information.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of ALIGN TECHNOLOGY INC is 016255101, as indicated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as designated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ALIGN TECHNOLOGY INC (ALGN).