BlackBerry Limited (NYSE:BB) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. increased its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 25.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,439,240 shares of the company's stock after acquiring an additional 294,250 shares during the period. Intact Investment Management Inc. owned approximately 0.24% of BlackBerry worth $3,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new stake in BlackBerry in the 2nd quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its position in BlackBerry by 83.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company's stock valued at $29,000 after acquiring an additional 5,349 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in BlackBerry during the second quarter worth about $43,000. Viewpoint Capital Management LLC acquired a new stake in shares of BlackBerry during the second quarter worth about $50,000. Finally, Signaturefd LLC grew its holdings in shares of BlackBerry by 65.5% in the third quarter. Signaturefd LLC now owns 22,898 shares of the company's stock valued at $60,000 after purchasing an additional 9,063 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company's stock.

Analyst Upgrades and Downgrades

BB has been the subject of several recent research reports. CIBC lifted their price objective on BlackBerry from $3.50 to $3.60 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Canaccord Genuity Group boosted their price target on shares of BlackBerry from $2.70 to $2.80 and gave the stock a "hold" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $3.00 price objective on shares of BlackBerry in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BlackBerry has an average rating of "Hold" and an average target price of $3.23.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the company's stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the transaction, the insider now directly owns 30,129 shares of the company's stock, valued at $76,226.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company's stock.

BlackBerry Stock Performance

Shares of BlackBerry stock traded up $0.04 during trading on Tuesday, reaching $2.29. The company's stock had a trading volume of 5,135,699 shares, compared to its average volume of 8,975,849. The company has a 50-day moving average price of $2.41 and a two-hundred day moving average price of $2.52. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $4.44. The firm has a market cap of $1.35 billion, a PE ratio of -9.20 and a beta of 1.42. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same quarter last year, the company posted ($0.06) earnings per share. The business's revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that BlackBerry Limited will post -0.06 EPS for the current year.

BlackBerry Company 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.