Morgan Stanley Increases Stake in Blackbaud Inc. to 10.1%

On June 5, 2026, Morgan Stanley filed a Schedule 13G/A with the SEC, reporting an increased beneficial ownership stake in Blackbaud, Inc. (BLKB). As of the event date on May 31, 2026, Morgan Stanley and its associated entities, including Atlanta Capital Management Company, LLC and Eaton Vance Atlanta Capital SMID-Cap Fund, collectively hold 4,619,817 shares of common stock. This represents a 10.1% ownership interest in the company, up from a previously reported position. Specifically, Morgan Stanley reports shared voting power over 4,009,458 shares and shared dispositive power over 4,417,911 shares. Atlanta Capital Management Company, LLC individually accounts for a 9.4% stake with 4,314,412 shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This amendment marks the 20th revision to their beneficial ownership reporting for Blackbaud.