Vanguard Group Inc. Increases Stock Position in BlackBerry Limited (NYSE:BB)

Vanguard Group Inc. lifted its stake in shares of BlackBerry Limited (NYSE:BB - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,865,831 shares of the company's stock after buying an additional 364,569 shares during the quarter. Vanguard Group Inc. owned about 3.87% of BlackBerry worth $86,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BB. Swiss National Bank grew its holdings in BlackBerry by 0.6% in the fourth quarter. Swiss National Bank now owns 1,109,350 shares of the company's stock worth $4,212,000 after purchasing an additional 6,700 shares during the period. Geode Capital Management LLC boosted its position in shares of BlackBerry by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company's stock worth $706,000 after purchasing an additional 7,652 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of BlackBerry by 1.3% in the 4th quarter. CIBC Asset Management Inc now owns 709,720 shares of the company's stock valued at $2,690,000 after buying an additional 8,787 shares during the period. Signaturefd LLC increased its position in BlackBerry by 39.9% in the 4th quarter. Signaturefd LLC now owns 32,032 shares of the company's stock valued at $121,000 after buying an additional 9,134 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. acquired a new position in BlackBerry during the 4th quarter worth approximately $38,000. Institutional investors own 54.48% of the company's stock.

Insider Buying and Selling

In related news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,940 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 42,398 shares of the company's stock, valued at approximately $126,770.02. This trade represents a 41.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,641 shares of company stock valued at $214,365. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada set a $3.75 price objective on BlackBerry in a research note on Thursday, April 3rd. StockNews.com upgraded shares of BlackBerry from a "sell" rating to a "hold" rating in a report on Friday. CIBC decreased their target price on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. TD Securities upgraded shares of BlackBerry from a "hold" rating to a "buy" rating and upped their target price for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Canaccord Genuity Group cut their price target on BlackBerry from $4.75 to $4.25 and set a "hold" rating for the company in a research note on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has an average rating of "Hold" and an average price target of $4.12.

BlackBerry Stock Up 0.2 %

NYSE:BB traded up $0.01 on Tuesday, hitting $3.24. The stock had a trading volume of 3,598,330 shares, compared to its average volume of 23,355,445. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. The firm's fifty day simple moving average is $4.41 and its two-hundred day simple moving average is $3.55. The stock has a market cap of $1.93 billion, a P/E ratio of -14.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

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

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.