Vanguard Group Discloses Passive Stake in Quantum Corp

TL;DR

**Vanguard just confirmed its passive stake in Quantum Corp, signaling institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an SC 13G on February 13, 2024, disclosing its ownership in Quantum Corp /DE/ (QTM). As of December 29, 2023, Vanguard reported having sole voting power over 0 shares and shared voting power over 0 shares, indicating a passive investment position. This filing is important for current or prospective Quantum Corp shareholders as it confirms Vanguard's significant, albeit passive, stake, suggesting institutional confidence in the company's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Vanguard, holds a significant position in Quantum Corp, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risk or significant change in company control.

Analyst Insight

A smart investor would view this as a standard disclosure from a large institutional investor and not necessarily a signal for immediate buying or selling, but rather as confirmation of institutional presence in Quantum Corp.

Key Numbers

• 0 — Sole Voting Power (Number of shares over which Vanguard has sole voting power as of December 29, 2023.)
• 0 — Shared Voting Power (Number of shares over which Vanguard has shared voting power as of December 29, 2023.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Quantum Corp /DE/ (company) — subject company whose securities are being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G filing was made
• Pennsylvania (company) — place of organization for The Vanguard Group

Forward-Looking Statements

• Vanguard will maintain a passive investment strategy in Quantum Corp. (The Vanguard Group) — high confidence, target: Ongoing
• Quantum Corp's stock price will not be significantly impacted by this routine filing alone. (Quantum Corp) — high confidence, target: Short-term

FAQ

Filing Documents

• tv01771-quantumcorp.htm (SC 13G) — 11KB
• 0001104659-24-021785.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Quantum Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 224 Airport Parkway, Suite 550 San Jose, CA 95110-1382

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 747906501

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: 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 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G filing on SEC EDGAR