Charles Schwab Investment Management Inc. Has $4.44 Million Position in BlackBerry Limited (NYSE:BB)

Charles Schwab Investment Management Inc. lessened its stake in shares of BlackBerry Limited (NYSE:BB) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,168,278 shares of the company’s stock after selling 43,952 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BlackBerry were worth $4,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BB. The Manufacturers Life Insurance Company increased its stake in shares of BlackBerry by 10.4% in the third quarter. The Manufacturers Life Insurance Company now owns 487,336 shares of the company’s stock worth $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% in the 3rd quarter. BNP Paribas Financial Markets now owns 163,531 shares of the company’s stock worth $428,000 after buying an additional 11,488 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of BlackBerry during the third quarter worth approximately $1,285,000. Potrero Capital Research LLC bought a new stake in shares of BlackBerry in the third quarter valued at approximately $2,359,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of BlackBerry in the third quarter worth $38,000. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BB shares. TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Canaccord Genuity Group increased their target price on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their price target on BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research note on Friday, January 10th. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and raised their price objective for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, Robert W. Baird boosted their price objective on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Friday, December 20th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BlackBerry currently has an average rating of “Moderate Buy” and an average target price of $3.91.

BlackBerry Trading Down 2.3 %

BB stock opened at $4.34 on Wednesday. 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. The business’s 50 day moving average is $4.70 and its 200-day moving average is $3.44. The firm has a market cap of $2.59 billion, a P/E ratio of -19.73 and a beta of 1.27.

Insider Buying and Selling at BlackBerry

In other 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total value of $53,268.00. Following the sale, the insider now owns 238,838 shares in the company, valued at approximately $878,923.84. This trade represents a 5.71 % 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 worth $925,655 over the last three months. Company insiders own 0.34% of the company’s stock.

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.