BlackRock Amends Commvault Stake (Amendment 15)
Ticker: CVLT · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1169561
| Field | Detail |
|---|---|
| Company | Commvault Systems Inc (CVLT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, ownership-change
Related Tickers: CVLT
TL;DR
**BlackRock just updated its Commvault stake, signaling a change in its passive investment.**
AI Summary
BlackRock Inc. has filed an Amendment No. 15 to its SC 13G filing for Commvault Systems Inc., indicating a change in its ownership stake as of December 31, 2023. This filing, made on January 23, 2024, updates BlackRock's passive investment position in Commvault's common stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Commvault, potentially influencing other investors' perceptions and the stock's performance.
Why It Matters
This filing shows BlackRock's updated passive ownership in Commvault, which can influence market sentiment and potentially impact the stock price.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather a change in a passive holding.
Analyst Insight
An investor should note BlackRock's continued presence as a major shareholder, but this filing alone doesn't provide enough detail to warrant immediate action beyond monitoring future filings for significant changes in ownership percentage or intent.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Commvault Systems Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the filing was made
- Amendment No. 15 (number) — the specific amendment number to the SC 13G filing
Forward-Looking Statements
- BlackRock will continue to be a significant passive holder of Commvault Systems Inc. common stock. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, specifically Amendment No. 15, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investor.
What is the subject company of this filing?
The subject company is Commvault Systems Inc., whose common stock is being reported on.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated 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 23, 2024 regarding COMMVAULT SYSTEMS INC (CVLT).