Invesco Cuts AtriCure Stake to 9.9% as of Dec 29, 2023

TL;DR

**Invesco just cut its AtriCure stake to 9.9%, watch for potential stock dip.**

AI Summary

Invesco Ltd. filed an amended SC 13G/A on February 1, 2024, disclosing its ownership in AtriCure Inc. (NASDAQ: ATRC) as of December 29, 2023. This filing indicates Invesco Ltd. holds 4,960,119 shares of AtriCure's common stock, representing 9.9% of the company's outstanding shares. This is a decrease from their previous reported ownership, signaling a reduction in their stake. This matters to investors because a large institutional investor like Invesco reducing its position could suggest a less bullish outlook on AtriCure's future performance, potentially influencing other investors' decisions.

Why It Matters

A significant reduction in ownership by a major institutional investor like Invesco Ltd. can signal a shift in their investment thesis for AtriCure Inc., potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can indicate a perceived increase in risk or a less favorable outlook for the company, which could impact stock performance.

Analyst Insight

A smart investor would closely monitor AtriCure Inc.'s upcoming earnings reports and analyst ratings, and consider if Invesco's reduced stake signals a fundamental change in the company's outlook before making any investment decisions.

Key Numbers

• 4,960,119 — Shares Beneficially Owned (This is the total number of AtriCure Inc. common shares Invesco Ltd. reported owning as of December 29, 2023.)
• 9.9% — Percentage of Class (This represents Invesco Ltd.'s ownership percentage of AtriCure Inc.'s common stock, indicating a decrease from previous filings.)
• 04963C209 — CUSIP Number (This uniquely identifies AtriCure Inc.'s common stock, ensuring the correct security is referenced.)

Key Players & Entities

• Invesco Ltd. (company) — the reporting person who filed the SC 13G/A
• AtriCure Inc. (company) — the subject company whose shares are being reported
• 4,960,119 (dollar_amount) — the number of shares of common stock beneficially owned by Invesco Ltd.
• 9.9% (dollar_amount) — the percentage of AtriCure Inc.'s common stock beneficially owned by Invesco Ltd.
• December 29, 2023 (date) — the date of the event which required the filing of this statement
• February 1, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• AtriCure Inc.'s stock price may experience short-term downward pressure. (AtriCure Inc.) — medium confidence, target: 3 months
• Other institutional investors might re-evaluate their positions in AtriCure Inc. (Institutional Investors) — medium confidence, target: 6 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000053.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * AtriCure Inc (Name of Issuer) Common Stock (Title of Class of Securities) 04963C209 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 04963C209 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,068,073 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,162,050 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,162,050 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.5% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer AtriCure Inc (b) Address of Issuer's Principal Executive Offices 7555 Innovation Way, Mason, OH 45040 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Common Stock (e) CUSIP Number 04963C209 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 1,162,050 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 2.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,068,073 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,162,050 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco Advisers, Inc. Invesco Asset Management Limited Invesco Capital Management LLC Item 8. Identification and Classification of Members of the Group. Not Applicable. This schedule is not being filed pursuant to Ru

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