Duality Advisers LP Has $344,000 Position in BlackBerry Limited (NYSE:BB)

Duality Advisers LP raised its position in shares of BlackBerry Limited (NYSE:BB) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,086 shares of the company’s stock after purchasing an additional 3,837 shares during the quarter. Duality Advisers LP’s holdings in BlackBerry were worth $344,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BlackBerry by 13.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,509 shares of the company’s stock valued at $433,000 after purchasing an additional 14,484 shares during the period. Mackenzie Financial Corp raised its stake in BlackBerry by 58.3% during the 4th quarter. Mackenzie Financial Corp now owns 916,066 shares of the company’s stock valued at $3,251,000 after purchasing an additional 337,432 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in BlackBerry by 17.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,229,327 shares of the company’s stock valued at $32,672,000 after purchasing an additional 1,362,284 shares during the period. Highlander Capital Management LLC raised its stake in BlackBerry by 77.8% during the 4th quarter. Highlander Capital Management LLC now owns 8,000 shares of the company’s stock valued at $28,000 after purchasing an additional 3,500 shares during the period. Finally, International Assets Investment Management LLC raised its stake in BlackBerry by 179.2% during the 4th quarter. International Assets Investment Management LLC now owns 73,374 shares of the company’s stock valued at $260,000 after purchasing an additional 47,097 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Price Performance

Shares of NYSE:BB opened at $2.83 on Friday. BlackBerry Limited has a 1 year low of $2.46 and a 1 year high of $5.75. The firm has a fifty day moving average price of $2.79 and a 200 day moving average price of $3.25. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Wednesday, April 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 0.24%. The firm had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $150.47 million. During the same period in the prior year, the company posted ($0.04) earnings per share. BlackBerry’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts expect that BlackBerry Limited will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other news, Director Philip G. Brace purchased 35,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company’s stock, valued at $97,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. CIBC dropped their price target on shares of BlackBerry from $4.25 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Robert W. Baird dropped their price target on shares of BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.08.

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.