BlackRock Amends NetApp Stake, Updates Ownership as of Dec 31, 2023
Ticker: NTAP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1002047
| Field | Detail |
|---|---|
| Company | Netapp, INC. (NTAP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, netapp
Related Tickers: NTAP
TL;DR
**BlackRock just updated its NetApp holdings, watch for market reaction.**
AI Summary
BlackRock Inc. has filed an amended SC 13G/A for NetApp, Inc. (NTAP), indicating a change in their ownership stake as of December 31, 2023. This filing, an amendment number 12, updates their previous disclosures regarding their holdings in NetApp's common stock. For investors, this matters because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in NetApp's future performance, potentially influencing other investors' decisions and the stock price.
Why It Matters
This filing shows BlackRock's updated ownership in NetApp, 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 inherently signal high risk, but rather transparency.
Analyst Insight
Investors should note BlackRock's continued presence as a significant holder in NetApp. While this filing doesn't detail the exact change in shares, it confirms their ongoing institutional interest. Smart investors would look for the specific share count in the full filing to understand the magnitude of any increase or decrease, and then consider this in the context of NetApp's recent performance and future outlook.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- NetApp, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- 64110D104 (string) — the CUSIP number for NetApp's common stock
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: 12' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is NetApp, Inc., identified as 'NETAPP INC (Name of Issuer)' in the filing.
What was the date of the event that triggered this filing?
The date of the event which requires this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule of the Securities Exchange Act of 1934 is this Schedule filed?
This Schedule is filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding NetApp, Inc. (NTAP).