BlackBerry Limited (NYSE:BB) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in BlackBerry Limited (NYSE:BB) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,535 shares of the company’s stock after purchasing an additional 3,958 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackBerry were worth $232,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of BlackBerry by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 19,224,723 shares of the company’s stock valued at $90,548,000 after purchasing an additional 534,772 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in BlackBerry by 59.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,695,900 shares of the company’s stock valued at $41,164,000 after purchasing an additional 3,245,600 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new position in shares of BlackBerry in the third quarter worth $21,316,000. Covalis Capital LLP acquired a new stake in shares of BlackBerry during the third quarter worth $7,288,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of BlackBerry by 0.8% during the third quarter. Public Sector Pension Investment Board now owns 1,134,077 shares of the company’s stock valued at $5,394,000 after buying an additional 9,248 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Stock Up 3.4 %

BlackBerry stock opened at $2.90 on Wednesday. The business’s 50-day moving average price is $2.79 and its 200 day moving average price is $3.26. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -12.06 and a beta of 1.41. BlackBerry Limited has a 52 week low of $2.46 and a 52 week high of $5.75.

BlackBerry (NYSE:BB) last posted its earnings results on Wednesday, April 3rd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $150.47 million. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts anticipate that BlackBerry Limited will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BB shares. Robert W. Baird reduced their target price on BlackBerry from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. CIBC decreased their target price on BlackBerry from $4.25 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 target price on shares of BlackBerry in a research report on Thursday, April 4th. Finally, StockNews.com lowered shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One equities 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, BlackBerry has a consensus rating of “Hold” and a consensus price target of $4.08.

Insiders Place Their Bets

In other BlackBerry news, Director Philip G. Brace purchased 35,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were bought at an average price of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $97,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

BlackBerry 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 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.