BlackRock Amends CDW Corp Stake, Files SC 13G/A on Jan 25
Ticker: CDW · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1402057
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its CDW Corp stake, signaling current institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of CDW Corporation's Common Stock as of December 31, 2023. This filing, Amendment No. 8, updates their previous disclosures regarding their stake in CDW Corp. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence or concerns about CDW's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in CDW Corp, which can be a signal of institutional sentiment for investors considering buying or holding CDW stock.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently indicate significant risk for the company or its stock.
Analyst Insight
Investors should note BlackRock's continued presence as a major holder, but this routine update doesn't provide new actionable insights beyond confirming institutional interest. Further research into CDW's fundamentals and BlackRock's overall investment strategy would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- CDW Corporation (company) — the subject company whose stock is 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. 8 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of CDW Corporation stock. (BlackRock Inc.) — high confidence, target: 2025-01-25
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 indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 8'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company whose securities are being reported?
The subject company is CDW Corporation, identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CDW Corp'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of CDW Corporation is 12514G108, as listed under 'CUSIP No. 12514G108'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding CDW Corp (CDW).