FMR LLC & Abigail Johnson Hold 8.45% Stake in Insulet Corp

TL;DR

**FMR LLC and Abigail Johnson still own 8.45% of Insulet, signaling continued institutional confidence.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Insulet Corp. As of February 9, 2024, they collectively beneficially own 5,903,449 shares of Insulet's common stock, representing 8.450% of the company. This filing indicates a significant, but not controlling, stake held by a prominent institutional investor, which can signal confidence in Insulet's future to current and prospective shareholders.

Why It Matters

This filing shows a large institutional investor, FMR LLC, maintains a substantial position in Insulet, which can be seen as a vote of confidence in the company's long-term prospects. For investors, this indicates that a sophisticated entity sees value in Insulet, potentially influencing market sentiment.

Risk Assessment

Risk Level: low — This filing is an update to an existing stake by a passive institutional investor, indicating no immediate change in company control or strategy.

Analyst Insight

An investor should note the continued significant institutional ownership by FMR LLC, which suggests long-term confidence in Insulet. This filing doesn't indicate any immediate catalysts but reinforces the company's appeal to large funds.

Key Numbers

• 5,903,449 — Shares Beneficially Owned (Represents the total common stock shares of Insulet Corp held by FMR LLC and Abigail P. Johnson.)
• 8.450% — Percent of Class (Indicates the proportion of Insulet Corp's common stock owned by the reporting persons.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
• INSULET CORP (company) — the issuer of the securities
• 5,903,449 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 8.450% (dollar_amount) — percentage of Insulet Corp's class of common stock owned

Forward-Looking Statements

• FMR LLC will maintain a significant, but non-controlling, stake in Insulet Corp. (FMR LLC) — high confidence, target: Next 12-18 months
• Insulet Corp's stock price will experience minor positive sentiment due to continued institutional backing. (INSULET CORP) — medium confidence, target: Next 3-6 months

FAQ

From the Filing

0000315066-24-001251.txt : 20240209 0000315066-24-001251.hdr.sgml : 20240209 20240209091606 ACCESSION NUMBER: 0000315066-24-001251 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSULET CORP CENTRAL INDEX KEY: 0001145197 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 043523891 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83352 FILM NUMBER: 24611773 BUSINESS ADDRESS: STREET 1: 100 NAGOG PARK CITY: ACTON STATE: MA ZIP: 01720 BUSINESS PHONE: 978-600-7000 MAIL ADDRESS: STREET 1: 100 NAGOG PARK CITY: ACTON STATE: MA ZIP: 01720 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.9 INSULET CORP COMMON STOCK Cusip #45784P101 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) Cusip #45784P101 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 5,786,398 Item 6: 0 Item 7: 5,903,449 Item 8: 0 Item 9: 5,903,449 Item 11: 8.450% Item 12: HC Cusip #45784P101 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 5,903,449 Item 8: 0 Item 9: 5,903,449 Item 11: 8.450% Item 12: IN Item 1(a). Name of Issuer: INSULET CORP Item 1(b). Address of Issuer's Principal Executive Offices: 100 NAGOG PARK ACTON, MA 01720 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 45784P101 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 5,903,449 (b) Percent of Class: 8.450% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 5,903,449 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of INSULET CORP. No one other person's interest in the COMMON STOCK of INSULET CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are