BlackBerry Limited (NYSE:BB) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of BlackBerry Limited (NYSE:BB) by 60.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 249,218 shares of the company’s stock after purchasing an additional 93,651 shares during the quarter. Barclays PLC’s holdings in BlackBerry were worth $652,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BB. Toronto Dominion Bank raised its position in BlackBerry by 5.3% during the third quarter. Toronto Dominion Bank now owns 718,314 shares of the company’s stock worth $1,882,000 after acquiring an additional 36,372 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BlackBerry by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock worth $706,000 after purchasing an additional 7,652 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of BlackBerry during the 3rd quarter worth approximately $410,000. Orion Portfolio Solutions LLC lifted its stake in BlackBerry by 121.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 37,916 shares of the company’s stock valued at $99,000 after buying an additional 20,771 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in BlackBerry by 25.8% during the 3rd quarter. XTX Topco Ltd now owns 200,778 shares of the company’s stock valued at $526,000 after buying an additional 41,193 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

BlackBerry Stock Performance

BlackBerry stock opened at $4.21 on Friday. BlackBerry Limited has a 12-month low of $2.01 and a 12-month high of $4.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -19.11 and a beta of 1.30. The firm’s fifty day moving average price is $3.14 and its 200 day moving average price is $2.65.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. On average, research analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BB shares. Robert W. Baird boosted their price target on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the company from $3.25 to $4.00 in a report on Friday, December 20th. CIBC lifted their price target on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research note on Friday, January 10th. Finally, TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their target price for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $3.69.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 155,815 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $573,399.20. Following the sale, the chief executive officer now owns 385,552 shares in the company, valued at $1,418,831.36. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mattias Eriksson sold 12,680 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $50,720.00. Following the transaction, the insider now directly owns 278,306 shares in the company, valued at approximately $1,113,224. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 219,796 shares of company stock worth $823,314. 0.34% of the stock is currently owned by insiders.

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.