Swiss National Bank Purchases 6,700 Shares of BlackBerry Limited (NYSE:BB)

Swiss National Bank boosted its holdings in shares of BlackBerry Limited (NYSE:BB) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,109,350 shares of the company’s stock after acquiring an additional 6,700 shares during the period. Swiss National Bank owned about 0.19% of BlackBerry worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BB. Barclays PLC boosted its stake in shares of BlackBerry by 60.2% during the third quarter. Barclays PLC now owns 249,218 shares of the company’s stock valued at $652,000 after purchasing an additional 93,651 shares in the last quarter. Milestone Asset Management LLC bought a new stake in BlackBerry during the 4th quarter valued at $557,000. Capstone Investment Advisors LLC bought a new stake in BlackBerry during the 3rd quarter valued at $1,285,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BlackBerry by 41.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company’s stock worth $51,856,000 after acquiring an additional 4,039,483 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in shares of BlackBerry by 60.5% during the 4th quarter. Alberta Investment Management Corp now owns 644,900 shares of the company’s stock worth $2,448,000 after purchasing an additional 243,000 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Stock Performance

Shares of BB stock opened at $4.34 on Wednesday. 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 business has a fifty day moving average of $4.70 and a 200 day moving average of $3.44. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -19.73 and a beta of 1.27. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24.

Insider Activity at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the sale, the insider now directly owns 238,838 shares of the company’s stock, valued at approximately $878,923.84. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jay P. Chai sold 24,425 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The disclosure for this sale can be found here. Insiders have sold a total of 244,221 shares of company stock worth $925,655 over the last quarter. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and lifted their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research report on Friday, January 10th. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Canaccord Genuity Group increased their price objective on BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a report on Tuesday, March 11th. Six research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.91.

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.