Zurcher Kantonalbank Zurich Cantonalbank Has $433,000 Stock Position in BlackBerry Limited (NYSE:BB)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BlackBerry Limited (NYSE:BB) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 121,509 shares of the company’s stock after purchasing an additional 14,484 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BlackBerry were worth $433,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new position in shares of BlackBerry in the 3rd quarter valued at about $25,000. Highlander Capital Management LLC lifted its stake in BlackBerry by 77.8% in the fourth quarter. Highlander Capital Management LLC now owns 8,000 shares of the company’s stock valued at $28,000 after buying an additional 3,500 shares during the period. Clear Street Markets LLC bought a new position in shares of BlackBerry during the 3rd quarter worth approximately $48,000. Sequoia Financial Advisors LLC acquired a new stake in shares of BlackBerry during the 3rd quarter worth approximately $48,000. Finally, PBMares Wealth Management LLC bought a new stake in shares of BlackBerry in the 3rd quarter valued at $57,000. Institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BB shares. CIBC cut their target price 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 cut their price objective on shares of BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. StockNews.com lowered BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus target price of $4.08.

BlackBerry Stock Up 0.5 %

BlackBerry stock opened at $2.94 on Friday. BlackBerry Limited has a 1-year low of $2.46 and a 1-year high of $5.75. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -12.23 and a beta of 1.40. The firm’s fifty day moving average price is $2.81 and its two-hundred day moving average price is $3.22. 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 released its quarterly earnings data on Wednesday, April 3rd. The company reported $0.03 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $150.47 million. During the same period last year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts predict 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 bought 35,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price 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 in the company, valued at approximately $97,650. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

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.