In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Blackrock Inc. (NYSE:BLK) reported that Norges Bank has picked up 8,110,472 of common stock as of 2017-04-19.

The acquisition brings the aggregate amount owned by Norges Bank to a total of 8,110,472 representing a 5.01% stake in the company.

For those not familiar with the company, BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name.

A glance at Blackrock Inc. (NYSE:BLK)’s key stats reveals a current market capitalization of 61.19 Billion based on 161.53 Million shares outstanding and a price at last close of $378.38 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-10-27, Demchak picked up 1,200 at a purchase price of $341.11. This brings their total holding to 1,200 as of the date of the filing.

On the sell side, the most recent transaction saw Stork unload 5,150 shares at a sale price of $390.00. This brings their total holding to 17,442.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Blackrock Inc. (NYSE:BLK) as things move forward to see if its progress aligns with these transactions.

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