BlackBerry Limited (NYSE:BB) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of BlackBerry Limited (NYSE:BB) by 261.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425,129 shares of the company’s stock after buying an additional 307,582 shares during the period. Sei Investments Co. owned approximately 0.07% of BlackBerry worth $1,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in BlackBerry during the 4th quarter worth approximately $309,000. Virtu Financial LLC grew its stake in BlackBerry by 117.3% during the fourth quarter. Virtu Financial LLC now owns 309,583 shares of the company’s stock worth $1,170,000 after buying an additional 167,145 shares during the period. Mindset Wealth Management LLC acquired a new stake in shares of BlackBerry in the fourth quarter worth $38,000. Northwest & Ethical Investments L.P. raised its stake in shares of BlackBerry by 212.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 110,062 shares of the company’s stock valued at $417,000 after acquiring an additional 74,820 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of BlackBerry by 39.9% during the 4th quarter. Signaturefd LLC now owns 32,032 shares of the company’s stock valued at $121,000 after acquiring an additional 9,134 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on BB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 price target on shares of BlackBerry in a report on Tuesday, April 1st. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and increased their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Robert W. Baird boosted their price target on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, CIBC dropped their price objective on shares of BlackBerry from $7.00 to $6.00 and set an “outperformer” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy 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 $4.15.

Insider Activity at BlackBerry

In other BlackBerry news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

BlackBerry Stock Down 4.3 %

BB stock opened at $3.01 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $3.52. The company has a market capitalization of $1.79 billion, a P/E ratio of -13.66 and a beta of 1.30. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $141.70 million during the quarter, compared to analyst estimates of $137.56 million. During the same period last year, the business earned $0.03 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities research analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

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 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.