Charles Schwab Investment Management Inc. Purchases 11,899 Shares of BlackBerry Limited (NYSE:BB)

Charles Schwab Investment Management Inc. lifted its position in BlackBerry Limited (NYSE:BB) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,212,230 shares of the company’s stock after purchasing an additional 11,899 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.21% of BlackBerry worth $3,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in BlackBerry by 8.9% during the third 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 during the period. GSA Capital Partners LLP boosted its stake in BlackBerry by 189.5% in the 3rd quarter. GSA Capital Partners LLP now owns 165,394 shares of the company’s stock valued at $433,000 after buying an additional 108,268 shares in the last quarter. Intact Investment Management Inc. grew its position in BlackBerry by 25.7% in the third quarter. Intact Investment Management Inc. now owns 1,439,240 shares of the company’s stock valued at $3,789,000 after acquiring an additional 294,250 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in BlackBerry by 9.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 412,782 shares of the company’s stock worth $1,040,000 after acquiring an additional 34,295 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of BlackBerry by 60.7% during the third quarter. International Assets Investment Management LLC now owns 20,769 shares of the company’s stock valued at $540,000 after acquiring an additional 7,842 shares during the period. 54.48% of the stock is owned by institutional investors.

BlackBerry Price Performance

Shares of BB stock opened at $2.69 on Friday. BlackBerry Limited has a 1 year low of $2.01 and a 1 year 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. The firm’s 50 day moving average is $2.48 and its 200-day moving average is $2.44. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -10.76 and a beta of 1.43.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $145.00 million for 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%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. Sell-side analysts forecast that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other BlackBerry 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 transaction of $37,962.65. Following the completion of the sale, the insider now owns 30,129 shares in the company, valued at approximately $76,226.37. The trade was a 33.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

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

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.