Charles Schwab Investment Management Inc. Has $3.19 Million Holdings in BlackBerry Limited (NYSE:BB)

Charles Schwab Investment Management Inc. raised its holdings in BlackBerry Limited (NYSE:BB) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,212,230 shares of the company’s stock after acquiring an additional 11,899 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BlackBerry were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BB. Northwestern Mutual Wealth Management Co. increased its holdings in BlackBerry by 83.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock worth $29,000 after purchasing an additional 5,349 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of BlackBerry by 60.7% during the third quarter. International Assets Investment Management LLC now owns 20,769 shares of the company’s stock worth $540,000 after buying an additional 7,842 shares during the period. Signaturefd LLC grew its holdings in shares of BlackBerry by 65.5% during the third quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after buying an additional 9,063 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BlackBerry by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,665 shares of the company’s stock valued at $327,000 after buying an additional 9,156 shares during the last quarter. Finally, Creative Planning lifted its stake in BlackBerry by 40.8% in the 3rd quarter. Creative Planning now owns 36,551 shares of the company’s stock valued at $96,000 after acquiring an additional 10,585 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of BlackBerry stock in a transaction on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the sale, the insider now owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. This trade represents a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

BlackBerry Stock Down 2.5 %

BB opened at $2.69 on Friday. BlackBerry Limited has a 1-year low of $2.01 and a 1-year high of $4.44. The stock has a market cap of $1.59 billion, a PE ratio of -10.76 and a beta of 1.43. The stock’s fifty day simple moving average is $2.48 and its 200 day simple moving average is $2.44. 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) last announced its earnings results on Thursday, September 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $145.00 million during the quarter, compared to the consensus estimate of $138.82 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. BlackBerry’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, research analysts expect that BlackBerry Limited will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

BB has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price objective on shares of BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a report on Friday, October 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research note on Friday, September 27th. CIBC increased their price objective on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.23.

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.