BlackRock Amends SAIC Stake: 12th 13G/A Filing on Common Stock

TL;DR

**BlackRock just updated its SAIC holdings, watch for potential stock movement.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in Science Applications International Corporation (SAIC) as of December 31, 2023. This is the 12th amendment to their Schedule 13G filing. While the specific percentage change isn't detailed in the provided text, the filing signals that BlackRock, a major institutional investor, has adjusted its position in SAIC's common stock. This matters to investors because significant changes by large institutional holders like BlackRock can influence stock price and reflect their updated outlook on the company's future performance.

Why It Matters

Changes in holdings by major institutional investors like BlackRock can signal shifts in market sentiment or investment strategy, potentially impacting SAIC's stock price.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership changes and doesn't inherently indicate high risk, though the underlying reason for the change could be relevant.

Analyst Insight

Investors should monitor BlackRock's future filings and SAIC's stock performance for any correlation, but this filing alone doesn't necessitate immediate action.

Key Numbers

• 12 — Amendment Number (This is the 12th amendment to BlackRock's Schedule 13G filing for SAIC.)

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Science Applications International Corporation (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock's next SC 13G/A filing for SAIC will occur around January 2025, assuming continued institutional ownership. (BlackRock Inc.) — high confidence, target: January 2025

FAQ

From the Filing

0001086364-24-002768.txt : 20240124 0001086364-24-002768.hdr.sgml : 20240124 20240124172357 ACCESSION NUMBER: 0001086364-24-002768 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: Science Applications International Corp CENTRAL INDEX KEY: 0001571123 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 461932921 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87837 FILM NUMBER: 24557857 BUSINESS ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-676-4300 MAIL ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: SAIC Gemini, Inc. DATE OF NAME CHANGE: 20130305 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 us8086251076_012424.txt us8086251076_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12) SCIENCE APPLICATIONS INTERNATIONAL CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 808625107 -------------------------------------------------------- (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. 808625107 (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 4654650 (6) Shared voting power 0 (7) Sole dispositive power 4876090 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4876090 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 12010 SUNSET HILLS ROAD RESTON VA 20190 Item 2. 2(a) Name of person filing: -----------------