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

BNP Paribas Financial Markets increased its stake in shares of BlackBerry Limited (NYSE:BB) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BB. The Manufacturers Life Insurance Company lifted its position 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 valued at $1,284,000 after acquiring an additional 46,101 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of BlackBerry by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,230 shares of the company’s stock valued at $3,194,000 after buying an additional 11,899 shares in the last quarter. CIBC Asset Management Inc grew its stake in BlackBerry by 8.9% during the 3rd quarter. CIBC Asset Management Inc now owns 700,933 shares of the company’s stock worth $1,846,000 after purchasing an additional 57,123 shares in the last quarter. GSA Capital Partners LLP grew its stake in BlackBerry by 189.5% during the 3rd quarter. GSA Capital Partners LLP now owns 165,394 shares of the company’s stock worth $433,000 after purchasing an additional 108,268 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in BlackBerry by 25.7% during the 3rd quarter. Intact Investment Management Inc. now owns 1,439,240 shares of the company’s stock worth $3,789,000 after buying an additional 294,250 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Trading Down 2.5 %

Shares of BB opened at $2.69 on Friday. The stock’s 50-day moving average is $2.48 and its two-hundred day moving average is $2.44. The stock has a market cap 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 debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44.

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 the consensus estimate of ($0.03) by $0.02. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $138.82 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. BlackBerry’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) earnings per share. Equities analysts forecast that BlackBerry Limited will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on BB shares. Canaccord Genuity Group boosted their target price on BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a report on Friday, October 18th. StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Royal Bank of Canada restated a “sector perform” rating and set a $3.00 price objective on shares of BlackBerry in a report on Friday, September 27th. Finally, CIBC lifted their target price on BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.23.

Insider Buying and Selling at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the business’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 transaction, the insider now directly owns 30,129 shares in the company, valued at approximately $76,226.37. The trade was a 33.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

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.