BlackBerry Limited (NYSE:BB) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of BlackBerry Limited (NYSE:BB) by 60.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,769 shares of the company’s stock after buying an additional 7,842 shares during the period. International Assets Investment Management LLC’s holdings in BlackBerry were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of BlackBerry by 65.5% during the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock valued at $60,000 after acquiring an additional 9,063 shares during the last quarter. Creative Planning raised its holdings 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 buying an additional 10,585 shares during the period. EP Wealth Advisors LLC purchased a new stake in BlackBerry in the 2nd quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 buying an additional 5,349 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in BlackBerry by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 441,235 shares of the company’s stock valued at $1,101,000 after buying an additional 11,370 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

Analysts Set New Price Targets

BB has been the topic of several research analyst reports. Canaccord Genuity Group boosted 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. CIBC upped their target price 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, Royal Bank of Canada restated a “sector perform” rating and set a $3.00 target price on shares of BlackBerry in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $3.23.

BlackBerry Price Performance

BB stock opened at $2.29 on Wednesday. The company has a market capitalization of $1.35 billion, a P/E ratio of -9.14 and a beta of 1.42. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $4.44. The business has a 50 day simple moving average of $2.41 and a 200-day simple moving average of $2.52. 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 released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $138.82 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that BlackBerry Limited will post -0.06 EPS for the current year.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $76,226.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.