BlackBerry Limited (NYSE:BB) Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of BlackBerry Limited (NYSE:BB) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,168,278 shares of the company’s stock after selling 43,952 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.20% of BlackBerry worth $4,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. raised its holdings in shares of BlackBerry by 15.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company’s stock worth $31,238,000 after purchasing an additional 1,637,916 shares in the last quarter. State Street Corp increased its holdings in shares of BlackBerry by 1.9% in the third quarter. State Street Corp now owns 1,309,606 shares of the company’s stock valued at $3,431,000 after buying an additional 24,309 shares in the last quarter. Potrero Capital Research LLC acquired a new stake in shares of BlackBerry during the 3rd quarter valued at $2,359,000. Toronto Dominion Bank boosted its stake in shares of BlackBerry by 5.3% during the 3rd 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 in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of BlackBerry by 1.3% in the 4th quarter. CIBC Asset Management Inc now owns 709,720 shares of the company’s stock worth $2,690,000 after acquiring an additional 8,787 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Stock Down 2.3 %

BB stock opened at $4.34 on Wednesday. The company has a 50 day moving average of $4.70 and a two-hundred day moving average of $3.44. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -19.73 and a beta of 1.27. BlackBerry Limited has a 12-month low of $2.01 and a 12-month high of $6.24. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BB. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and increased their price target for the company from $3.25 to $4.00 in a research report on Friday, December 20th. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Robert W. Baird boosted their price target on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price target on shares of BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, January 10th. Finally, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, BlackBerry presently has a consensus rating of “Moderate Buy” and an average target price of $3.91.

Insider Buying and Selling

In related news, 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 owns 278,306 shares in the company, valued at approximately $1,113,224. This represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $4.19, for a total transaction of $102,340.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 244,221 shares of company stock worth $925,655. Corporate insiders own 0.34% of the company’s stock.

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.