155,434 Shares in BlackBerry Limited (NYSE:BB) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in BlackBerry Limited (NYSE:BB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 155,434 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors also recently modified their holdings of BB. SG Americas Securities LLC increased its holdings 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 valued at $323,000 after purchasing an additional 34,615 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position 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 worth $3,262,000 after acquiring an additional 369,283 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of BlackBerry by 508.1% during 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 period. Finally, Viewpoint Capital Management LLC bought a new position in BlackBerry in the second quarter valued at about $50,000. 54.48% of the stock is owned by institutional investors.

BlackBerry Stock Performance

Shares of BB stock opened at $3.69 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of -14.76 and a beta of 1.43. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $3.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The company’s 50 day moving average price is $2.56 and its two-hundred day moving average price is $2.46.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $143.00 million for the quarter, compared to analysts’ expectations of $144.84 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. On average, analysts expect that BlackBerry Limited will post -0.06 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of BlackBerry stock in a transaction that occurred 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 in the company, valued at $76,226.37. This trade represents a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

BB has been the subject of several recent research reports. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $3.25 to $4.00 in a report on Friday. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Canaccord Genuity Group upped their target price on shares of BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird raised their price target on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Friday. Finally, Royal Bank of Canada lifted their price objective on BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.60.

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.