BlackBerry Limited (NYSE:BB) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its stake in shares of BlackBerry Limited (NYSE:BB) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,480,929 shares of the company’s stock after purchasing an additional 62,314 shares during the period. TD Asset Management Inc owned 0.25% of BlackBerry worth $8,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BB. Canada Pension Plan Investment Board lifted its holdings in BlackBerry by 71.8% in the second quarter. Canada Pension Plan Investment Board now owns 369,900 shares of the company’s stock valued at $2,052,000 after acquiring an additional 154,600 shares during the last quarter. Swiss National Bank lifted its holdings in BlackBerry by 1.7% in the second quarter. Swiss National Bank now owns 1,219,350 shares of the company’s stock valued at $6,763,000 after acquiring an additional 20,700 shares during the last quarter. Fortune Financial Advisors LLC acquired a new position in BlackBerry in the second quarter valued at approximately $154,000. Barclays PLC lifted its holdings in BlackBerry by 21.3% in the second quarter. Barclays PLC now owns 248,414 shares of the company’s stock valued at $1,373,000 after acquiring an additional 43,648 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in BlackBerry in the second quarter valued at approximately $208,000. 42.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 15,798 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.57, for a total value of $72,196.86. Following the completion of the transaction, the insider now owns 16,265 shares in the company, valued at $74,331.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BlackBerry news, insider Philip S. Kurtz sold 15,798 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.57, for a total value of $72,196.86. Following the completion of the transaction, the insider now owns 16,265 shares in the company, valued at $74,331.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John S. Chen sold 554,211 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $3.65, for a total transaction of $2,022,870.15. Following the completion of the transaction, the chief executive officer now owns 6,893,527 shares of the company’s stock, valued at approximately $25,161,373.55. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Canaccord Genuity Group cut their target price on BlackBerry from $5.37 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, August 24th. Robert W. Baird cut their target price on BlackBerry from $6.00 to $5.50 in a research report on Thursday, September 7th. StockNews.com assumed coverage on BlackBerry in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. CIBC cut their target price on BlackBerry from $5.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, October 18th. Finally, TD Securities cut their target price on BlackBerry from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.13.

BlackBerry Trading Down 0.7 %

Shares of BB stock opened at $3.68 on Tuesday. The firm has a fifty day moving average price of $4.10 and a 200 day moving average price of $4.68. The company has a market cap of $2.15 billion, a P/E ratio of -3.57 and a beta of 1.54. BlackBerry Limited has a 12 month low of $3.17 and a 12 month high of $5.75.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $132.00 million during the quarter, compared to the consensus estimate of $134.25 million. BlackBerry had a negative net margin of 66.91% and a negative return on equity of 7.11%. The company’s revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts forecast that BlackBerry Limited will post -0.03 EPS for the current year.

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 CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.