BlackBerry Limited (NYSE:BB) Stock Holdings Trimmed by Boston Partners

Boston Partners lowered its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,228 shares of the company's stock after selling 149,276 shares during the period. Boston Partners owned 0.06% of BlackBerry worth $1,384,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in BlackBerry by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,230 shares of the company's stock valued at $3,194,000 after buying an additional 11,899 shares during the period. The Manufacturers Life Insurance Company grew its holdings in BlackBerry by 10.4% in the third quarter. The Manufacturers Life Insurance Company now owns 487,336 shares of the company's stock valued at $1,284,000 after purchasing an additional 46,101 shares during the period. BNP Paribas Financial Markets increased its position in BlackBerry by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 163,531 shares of the company's stock worth $428,000 after purchasing an additional 11,488 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of BlackBerry during the 3rd quarter valued at $1,285,000. Finally, Potrero Capital Research LLC acquired a new stake in shares of BlackBerry during the 3rd quarter worth $2,359,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen upgraded BlackBerry from a "hold" rating to a "buy" rating and lifted their target price for the company from $3.25 to $4.00 in a report on Friday, December 20th. TD Securities raised BlackBerry from a "hold" rating to a "buy" rating and lifted their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. StockNews.com upgraded BlackBerry from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Royal Bank of Canada raised their price target on shares of BlackBerry from $3.25 to $4.00 and gave the company a "sector perform" rating in a report on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BlackBerry has a consensus rating of "Moderate Buy" and an average target price of $3.91.

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BlackBerry Stock Down 4.7 %

NYSE:BB traded down $0.21 during trading hours on Wednesday, hitting $4.14. The stock had a trading volume of 13,729,378 shares, compared to its average volume of 13,179,892. The company has a market cap of $2.47 billion, a PE ratio of -18.80 and a beta of 1.27. The business has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $3.45. BlackBerry Limited has a 1-year low of $2.01 and a 1-year high of $6.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling

In other BlackBerry news, insider Mattias Eriksson sold 14,475 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the completion of the sale, the insider now owns 238,838 shares in the company, valued at $878,923.84. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Joseph Giamatteo sold 155,815 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $573,399.20. Following the completion of the transaction, the chief executive officer now directly owns 385,552 shares in the company, valued at approximately $1,418,831.36. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 244,221 shares of company stock valued at $925,655 in the last quarter. Company insiders own 0.34% of the company's stock.

About BlackBerry

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.