BlackRock Updates Passive Stake in Align Technology (AMENDMENT 14)

Ticker: ALGN · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock just updated its passive stake in Align Technology; no major red flags, just routine disclosure.**

AI Summary

BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Common Stock in ALIGN TECHNOLOGY INC as of December 31, 2023. This filing, Amendment No. 14, updates BlackRock's passive investment stake in the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy, potentially influencing other investors' perceptions of ALIGN TECHNOLOGY INC's stock.

Why It Matters

This filing shows BlackRock's updated ownership in Align Technology, providing transparency on a major institutional investor's position, which can influence market sentiment.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

Investors should note BlackRock's continued passive stake in ALIGN TECHNOLOGY INC, but this filing alone doesn't suggest any immediate buy or sell action. It's a routine disclosure of an institutional holding.

Key Players & Entities

FAQ

What type of filing is this and who filed it?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock, Inc. regarding its holdings in ALIGN TECHNOLOGY INC.

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors (like BlackRock, Inc. under Rule 13d-1(b)) to report their ownership of 5% or more of a company's stock. The 'A' signifies it's an amendment to a previously filed statement, updating the disclosed information.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.

What is the CUSIP Number for the securities reported in this filing?

The CUSIP Number for the Common Stock of ALIGN TECHNOLOGY INC is 016255101, as indicated in the filing.

What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as designated by the 'X' in the appropriate box.

From the Filing

0001086364-24-002310.txt : 20240124 0001086364-24-002310.hdr.sgml : 20240124 20240124142716 ACCESSION NUMBER: 0001086364-24-002310 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALIGN TECHNOLOGY INC CENTRAL INDEX KEY: 0001097149 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 943267295 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-77942 FILM NUMBER: 24555863 BUSINESS ADDRESS: STREET 1: 410 NORTH SCOTTSDALE ROAD, SUITE 1300 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: 408-470-1000 MAIL ADDRESS: STREET 1: 410 NORTH SCOTTSDALE ROAD, SUITE 1300 CITY: TEMPE STATE: AZ ZIP: 85288 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0162551016_012424.txt us0162551016_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) ALIGN TECHNOLOGY INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 016255101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 016255101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 6768241 (6) Shared voting power 0 (7) Sole dispositive power 7292096 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7292096 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ALIGN TECHNOLOGY INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 410 NORTH SCOTTSDALE ROAD, SUITE 1300 TEMPE AZ 85288 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Addres

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