Bank of Montreal Can Acquires 294,934 Shares of BlackBerry Limited (NYSE:BB)

Bank of Montreal Can boosted its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,650,896 shares of the company's stock after purchasing an additional 294,934 shares during the period. Bank of Montreal Can owned about 0.28% of BlackBerry worth $6,263,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BB. Quantinno Capital Management LP bought a new stake in shares of BlackBerry in the 3rd quarter worth approximately $38,000. State Street Corp raised its stake in shares of BlackBerry by 1.9% in the third quarter. State Street Corp now owns 1,309,606 shares of the company's stock valued at $3,431,000 after buying an additional 24,309 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of BlackBerry by 121.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company's stock valued at $99,000 after buying an additional 20,771 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of BlackBerry during the 3rd quarter worth $410,000. Finally, Barclays PLC increased its holdings in BlackBerry by 60.2% in the 3rd quarter. Barclays PLC now owns 249,218 shares of the company's stock worth $652,000 after acquiring an additional 93,651 shares during the last quarter. Institutional investors own 54.48% of the company's stock.

Analyst Ratings Changes

BB has been the topic of several recent research reports. CIBC dropped their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a report on Thursday, April 3rd. Robert W. Baird upped their price target on shares of BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a research note on Friday, December 20th. Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $4.75 to $4.25 and set a "hold" rating for the company in a research note on Thursday, April 3rd. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and increased their target price for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, TD Cowen raised BlackBerry from a "hold" rating to a "buy" rating and raised their price target for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of "Hold" and an average target price of $4.12.

BlackBerry Stock Down 1.1 %

BB traded down $0.04 on Friday, hitting $3.17. The company had a trading volume of 16,343,136 shares, compared to its average volume of 13,732,301. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. BlackBerry Limited has a 52-week low of $2.01 and a 52-week high of $6.24. The firm has a market capitalization of $1.89 billion, a P/E ratio of -14.39 and a beta of 1.30. The stock has a fifty day simple moving average of $4.29 and a 200-day simple moving average of $3.55.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $141.70 million during the quarter, compared to analysts' expectations of $137.56 million. During the same period last year, the company posted $0.03 EPS. BlackBerry's revenue was down 7.3% on a year-over-year basis. As a group, equities analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insider Activity

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the sale, the senior vice president now owns 42,398 shares of the company's stock, valued at approximately $126,770.02. The trade was a 41.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The disclosure for this sale can be found here. Insiders sold 61,641 shares of company stock worth $214,365 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

BlackBerry Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.