Quantinno Capital Management LP Invests $38,000 in BlackBerry Limited (NYSE:BB)

Quantinno Capital Management LP acquired a new stake in shares of BlackBerry Limited (NYSE:BB) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 14,321 shares of the company’s stock, valued at approximately $38,000.

A number of other large investors also recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new stake in BlackBerry during the 2nd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. grew its stake in BlackBerry by 83.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after purchasing an additional 5,349 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in BlackBerry in the second quarter worth about $43,000. Viewpoint Capital Management LLC purchased a new stake in shares of BlackBerry during the second quarter valued at about $50,000. Finally, Signaturefd LLC boosted its holdings in shares of BlackBerry by 65.5% in the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock valued at $60,000 after buying an additional 9,063 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BB shares. CIBC boosted 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. Royal Bank of Canada increased their price objective on BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group boosted their target price on BlackBerry from $2.70 to $2.80 and gave the stock a “hold” rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Seven equities 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. According to MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus price target of $3.26.

Insiders Place Their Bets

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of BlackBerry stock in a transaction dated 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 transaction, the insider now owns 30,129 shares in the company, valued at approximately $76,226.37. This trade represents a 33.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

BlackBerry Price Performance

Shares of BB opened at $3.20 on Wednesday. The firm has a market capitalization of $1.89 billion, a PE ratio of -12.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The company’s fifty day moving average price is $2.49 and its 200-day moving average price is $2.44. BlackBerry Limited has a 1-year low of $2.01 and a 1-year high of $4.36.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($0.01) earnings per share for the quarter, beating 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 business had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that BlackBerry Limited will post -0.06 EPS 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.