Quantbot Technologies LP bought a new position in BlackBerry Limited (NYSE:BB – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 378,173 shares of the company’s stock, valued at approximately $4,784,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of BB. First Trust Advisors LP raised its stake in BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. grew its stake in shares of BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock valued at $90,334,000 after buying an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after buying an additional 209,448 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after buying an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of BlackBerry by 31.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after buying an additional 972,738 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.
BlackBerry Stock Down 1.1%
Shares of BlackBerry stock opened at $8.05 on Friday. The business has a 50-day moving average price of $9.50 and a 200 day moving average price of $6.59. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. The firm has a market cap of $4.73 billion, a P/E ratio of 89.45 and a beta of 2.25. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.
Insider Transactions at BlackBerry
In other BlackBerry news, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the transaction, the insider owned 125,158 shares of the company’s stock, valued at $1,385,499.06. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the sale, the senior vice president owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 355,858 shares of company stock valued at $4,012,270. Company insiders own 0.51% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on BB shares. Weiss Ratings upgraded BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. Canadian Imperial Bank of Commerce lifted their price objective on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. TD Securities reaffirmed a “hold” rating and set a $8.00 price target on shares of BlackBerry in a research report on Friday, June 26th. Finally, TD boosted their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.92.
Read Our Latest Research Report on BlackBerry
BlackBerry Company Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.
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