BlackRock Inc. disclosed an 11.28% stake in Iron Mountain in a second-quarter SEC Form 13F filing. The asset manager now holds 33,570,910 shares in the information management company. This investment is valued at approximately $4.24 billion.
Iron Mountain recently exceeded earnings expectations and raised its revenue guidance for fiscal year 2026. Management cited significant momentum in data center leasing and digital services as primary growth drivers.
Institutional trading activity has increased alongside several recent analyst rating upgrades. Multiple financial firms have also raised their price targets for the stock following the company's positive performance.