Phoenix Holdings Amends Perion Network Stake, Signals Portfolio Shift
Ticker: PERI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1338940
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
TL;DR
**Phoenix Holdings just updated its Perion Network stake, watch for market reaction!**
AI Summary
Phoenix Holdings Ltd. filed an amended SC 13G/A on February 12, 2024, indicating a change in their ownership of Perion Network Ltd. ordinary shares as of December 31, 2023. This amendment, the 14th for Phoenix Holdings, signals a potential shift in their investment strategy or a rebalancing of their portfolio regarding Perion Network. Investors should note this as it could reflect Phoenix Holdings' updated view on Perion's future prospects, potentially influencing market sentiment.
Why It Matters
This filing shows a significant institutional investor, Phoenix Holdings Ltd., has updated its position in Perion Network Ltd., which can influence other investors' perceptions and the stock's trading activity.
Risk Assessment
Risk Level: low — An amended 13G filing is a routine disclosure and doesn't inherently signal high risk, but rather a change in an institutional investor's position.
Analyst Insight
Investors should monitor Perion Network Ltd.'s stock performance and future filings from Phoenix Holdings Ltd. to understand the full implications of this updated stake. While this filing doesn't detail the exact change in ownership percentage, it signals an adjustment by a major institutional holder.
Key Players & Entities
- Phoenix Holdings Ltd. (company) — the reporting person filing the SC 13G/A
- Perion Network Ltd. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
- M78673114 (other) — the CUSIP number for Perion Network Ltd. Ordinary Shares
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 14 for this reporting person.
Who is the reporting person in this filing?
The reporting person is The Phoenix Holdings Ltd., with a Central Index Key (CIK) of 0001679543.
Which company's shares are the subject of this filing?
The subject company is Perion Network Ltd., identified by CIK 0001338940, with its Ordinary Share, par value NIS 0.03 per share, being the class of securities reported.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
Filing Stats: 1,235 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-02-12 12:37:24
Filing Documents
- zk2430924.htm (SC 13G/A) — 84KB
- 0001178913-24-000461.txt ( ) — 86KB
(a) Name of Issuer
Item 1. (a) Name of Issuer : Perion Network Ltd. (b) Address of Issuer's Principal Executive Offices : Azrieli Center 1, Building A, 4th Floor 26 Harokmim St. Holon L3 5885849
(a)
Item 2. (a) Name of Person Filing : The Phoenix Holdings Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holdings Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. (b) Address of Principal Business Office : The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel. (c) Citizenship : The Phoenix Holdings Ltd. - Israel (d) Title of Class of Securities : Ordinary Share, par value NIS 0.03 per share (e) CUSIP Number : M78673114 Item 3 . Not applicable. Item 4 . (a) Amount beneficially owned : See row 9 of cover page of each reporting person. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement, and each of Filing Persons and Subsidiaries disclaims beneficial ownership of any such Ordinary Shar