BlackRock Amends Cognizant Stake: Ownership Update Filed

TL;DR

**BlackRock just updated its Cognizant stake, watch for market reaction!**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 2, 2024, indicating a change in its ownership stake in Cognizant Technology Solutions Corp. as of December 31, 2023. This amendment, number 13, shows BlackRock's updated holdings of Class A Common Stock, which is important for investors as BlackRock is a major institutional investor and changes in its position can signal shifts in its outlook on the company's future performance.

Why It Matters

This filing updates BlackRock's ownership in Cognizant, providing transparency on a significant institutional investor's position, which can influence market perception and trading decisions.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather transparency.

Analyst Insight

Investors should note BlackRock's continued presence as a significant shareholder in Cognizant, but this filing alone doesn't provide enough detail to warrant immediate action beyond monitoring future filings for changes in the actual percentage of ownership.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Cognizant Technology Solutions Corp. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event which requires the filing
• February 2, 2024 (date) — the filing date of the SC 13G/A
• 192446102 (number) — the CUSIP number for Cognizant's Class A Common Stock

FAQ

From the Filing

0001086364-24-006122.txt : 20240202 0001086364-24-006122.hdr.sgml : 20240202 20240202104719 ACCESSION NUMBER: 0001086364-24-006122 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COGNIZANT TECHNOLOGY SOLUTIONS CORP CENTRAL INDEX KEY: 0001058290 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 133728359 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54671 FILM NUMBER: 24589285 BUSINESS ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 BUSINESS PHONE: 2018010233 MAIL ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 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 us1924461023_020124.txt us1924461023_020124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 13) COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 192446102 -------------------------------------------------------- (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. 192446102 (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 51309433 (6) Shared voting power 0 (7) Sole dispositive power 55692900 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 55692900 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 11.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 300 FRANK W. BURR BLVD., STE. 36, 6 FL. TEANECK NJ 07666 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc.