BlackBerry Limited (NYSE:BB) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in BlackBerry Limited (NYSE:BB) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 163,531 shares of the company’s stock after acquiring an additional 11,488 shares during the period. BNP Paribas Financial Markets’ holdings in BlackBerry were worth $428,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of BlackBerry by 36.2% in the second quarter. SG Americas Securities LLC now owns 130,114 shares of the company’s stock worth $323,000 after acquiring an additional 34,615 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BlackBerry by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,665 shares of the company’s stock worth $327,000 after buying an additional 9,156 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of BlackBerry by 39.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,315,157 shares of the company’s stock valued at $3,262,000 after purchasing an additional 369,283 shares during the last quarter. Intact Investment Management Inc. boosted its stake in BlackBerry by 508.1% in the second quarter. Intact Investment Management Inc. now owns 1,144,990 shares of the company’s stock valued at $2,862,000 after acquiring an additional 956,690 shares during the last quarter. Finally, Viewpoint Capital Management LLC bought a new position in BlackBerry in the second quarter valued at approximately $50,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BB. CIBC lifted their price target on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.00 price objective on shares of BlackBerry in a research report on Friday, September 27th. Canaccord Genuity Group lifted their target price on shares of BlackBerry from $2.70 to $2.80 and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a report 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.23.

Insider Buying and Selling at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the company’s stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total value of $37,962.65. Following the sale, the insider now directly owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. This represents a 33.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

BlackBerry Price Performance

Shares of NYSE:BB opened at $2.69 on Friday. The firm has a 50 day moving average of $2.48 and a 200-day moving average of $2.44. The stock has a market capitalization of $1.59 billion, a PE ratio of -10.76 and a beta of 1.43. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $4.44. 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 quarterly earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $138.82 million. During the same period in the prior year, the company posted ($0.06) EPS. 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 fiscal year.

BlackBerry 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.