BlackBerry Limited (NYSE:BB) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its position in shares of BlackBerry Limited (NYSE:BB) by 25.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,439,240 shares of the company’s stock after acquiring an additional 294,250 shares during the period. Intact Investment Management Inc.’s holdings in BlackBerry were worth $3,789,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC purchased a new stake in shares of BlackBerry during the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of BlackBerry by 83.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock worth $29,000 after buying an additional 5,349 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in shares of BlackBerry during the 2nd quarter worth approximately $43,000. Viewpoint Capital Management LLC purchased a new stake in shares of BlackBerry during the 2nd quarter worth approximately $50,000. Finally, Signaturefd LLC lifted its position in shares of BlackBerry by 65.5% during the 3rd quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after buying an additional 9,063 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $2.70 to $2.80 and gave the stock a “hold” rating in a research report on Friday, October 18th. CIBC upped their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.23.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 30,129 shares in the company, valued at approximately $76,226.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

BlackBerry Stock Down 0.9 %

NYSE:BB opened at $2.25 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $4.44. The firm’s fifty day simple moving average is $2.41 and its 200-day simple moving average is $2.52.

BlackBerry (NYSE:BB) last posted its earnings results 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. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm had revenue of $145.00 million during the quarter, compared to the consensus estimate of $138.82 million. During the same period last year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts predict that BlackBerry Limited will post -0.06 earnings per share for the current year.

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.