BlackRock Amends Intuit Stake, Files SC 13G/A on Jan 25
Ticker: INTU · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 896878
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: INTU
TL;DR
**BlackRock updated its Intuit stake, filing an SC 13G/A on Jan 25.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Intuit Inc. (NASDAQ: INTU) common stock as of December 31, 2023. This filing, Amendment No. 12, updates their previous disclosures regarding their passive investment in Intuit. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in a company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive ownership in Intuit, providing transparency on a significant institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate or significant risk to the company or its stock.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, continues to hold a position in Intuit. While this filing doesn't reveal specific changes in share count, it confirms their ongoing passive investment. Smart investors might monitor future BlackRock filings for significant changes in their Intuit stake, as large institutional moves can sometimes precede broader market trends.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- INTUIT 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
- Amendment No. 12 (number) — the specific amendment number of the filing
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 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12)'.
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 whose securities are being reported?
The subject company is INTUIT INC., as identified by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTUIT INC.' and '(Name of Issuer) INTUIT INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Intuit Inc. is 461202103, as listed under '(CUSIP Number) 461202103'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding INTUIT INC. (INTU).