Barclays PLC Purchases 93,651 Shares of BlackBerry Limited (NYSE:BB)

Barclays PLC lifted its position in BlackBerry Limited (NYSE:BB - Free Report) by 60.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,218 shares of the company's stock after buying an additional 93,651 shares during the quarter. Barclays PLC's holdings in BlackBerry were worth $652,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Millennium Management LLC grew its position in BlackBerry by 5,408.9% during the second quarter. Millennium Management LLC now owns 3,431,588 shares of the company's stock worth $8,510,000 after buying an additional 3,369,296 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of BlackBerry by 15.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company's stock valued at $31,238,000 after acquiring an additional 1,637,916 shares during the last quarter. Potrero Capital Research LLC purchased a new position in shares of BlackBerry during the third quarter worth about $2,359,000. Cubist Systematic Strategies LLC increased its position in shares of BlackBerry by 815.6% in the second quarter. Cubist Systematic Strategies LLC now owns 548,884 shares of the company's stock worth $1,361,000 after purchasing an additional 488,934 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in BlackBerry in the third quarter valued at approximately $1,285,000. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Trading Down 5.3 %

BlackBerry stock traded down $0.23 during trading hours on Friday, reaching $3.99. The company had a trading volume of 17,287,846 shares, compared to its average volume of 19,424,680. 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 12-month low of $2.01 and a 12-month high of $4.35. The company has a 50-day moving average price of $3.17 and a 200 day moving average price of $2.66. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -18.11 and a beta of 1.30.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. Equities analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BB shares. Canaccord Genuity Group increased their price target on shares of BlackBerry from $2.80 to $3.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Royal Bank of Canada upped their target price on shares of BlackBerry from $3.25 to $4.00 and gave the stock a "sector perform" rating in a research report on Friday, January 10th. Robert W. Baird raised their price target on BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a research report on Friday, December 20th. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and upped their price objective for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Finally, StockNews.com raised BlackBerry from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BlackBerry currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.69.

Insider Activity

In other BlackBerry news, insider Mattias Eriksson sold 14,475 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $53,268.00. Following the completion of the transaction, the insider now directly owns 238,838 shares in the company, valued at approximately $878,923.84. This represents a 5.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 155,815 shares of BlackBerry stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $573,399.20. Following the sale, the chief executive officer now directly owns 385,552 shares in the company, valued at $1,418,831.36. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,796 shares of company stock valued at $823,314. Insiders own 0.34% of the company's stock.

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.