BlackRock Updates Adobe Stake: Passive Investment Confirmed
Ticker: ADBE · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
Related Tickers: ADBE
TL;DR
**BlackRock just updated its Adobe holdings, confirming its passive stake as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Adobe Inc. common stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures regarding their passive investment in Adobe. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their long-term confidence (or lack thereof) in Adobe's future performance, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock's continued significant, yet passive, investment in Adobe, which can reassure investors about institutional confidence in the company's stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which generally carries low risk for the average investor.
Analyst Insight
Investors should note that BlackRock's continued passive stake suggests a long-term, hands-off investment approach, implying they are not seeking to influence management or strategy at Adobe. This is a routine update and doesn't signal an immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- ADOBE INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 9 (number) — the specific amendment number of the filing
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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 9)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA' section.
What company's securities are being reported on in this filing?
The securities of ADOBE INC. are being reported on, as stated under '(Name of Issuer) ADOBE INC' and in the 'SUBJECT COMPANY: COMPANY DATA' section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection.
From the Filing
EDGAR Filing Documents for 0001086364-24-003791 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003791 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us00724f1012_012524.txt SC 13G/A 11999 Complete submission text file 0001086364-24-003791.txt 13858 Mailing Address 345 PARK AVENUE SAN JOSE CA 95110-2704 Business Address 345 PARK AVE SAN JOSE CA 95110-2704 4085366000 ADOBE INC. (Subject) CIK : 0000796343 (see all company filings) EIN. : 770019522 | State of Incorp.: DE | Fiscal Year End: 1201 Type: SC 13G/A | Act: 34 | File No.: 005-39394 | Film No.: 24563000 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)