Signaturefd LLC Buys 9,134 Shares of BlackBerry Limited (NYSE:BB)

Signaturefd LLC raised its position in shares of BlackBerry Limited (NYSE:BB) by 39.9% in the fourth quarter, HoldingsChannel reports. The fund owned 32,032 shares of the company’s stock after acquiring an additional 9,134 shares during the period. Signaturefd LLC’s holdings in BlackBerry were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in BlackBerry by 41.9% during 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 purchasing an additional 4,039,483 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in BlackBerry by 15.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company’s stock worth $31,238,000 after buying an additional 1,637,916 shares during the period. State Street Corp lifted its holdings in shares of BlackBerry by 1.9% during the third quarter. State Street Corp now owns 1,309,606 shares of the company’s stock worth $3,431,000 after buying an additional 24,309 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BlackBerry by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,230 shares of the company’s stock worth $3,194,000 after buying an additional 11,899 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of BlackBerry by 0.6% in the fourth quarter. Swiss National Bank now owns 1,109,350 shares of the company’s stock valued at $4,212,000 after acquiring an additional 6,700 shares during the period. Institutional investors own 54.48% of the company’s stock.

Insider Transactions at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 29,402 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.00, for a total value of $117,608.00. Following the completion of the transaction, the chief executive officer now owns 490,761 shares of the company’s stock, valued at $1,963,044. This represents a 5.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction dated Friday, January 24th. The shares were 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. Over the last 90 days, insiders sold 244,221 shares of company stock valued at $925,655. 0.34% of the stock is currently owned by insiders.

BlackBerry Trading Down 2.1 %

Shares of BB stock opened at $4.33 on Monday. BlackBerry Limited has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. The stock’s fifty day moving average price is $4.69 and its two-hundred day moving average price is $3.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $2.58 billion, a PE ratio of -19.66 and a beta of 1.27.

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

Analysts Set New Price Targets

BB has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Canaccord Genuity Group lifted their price target on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research note on Friday, January 10th. TD Securities raised BlackBerry from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Finally, StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.91.

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.