Swiss National Bank Cuts Position in BlackBerry Limited $BB

Swiss National Bank lessened its holdings in BlackBerry Limited (NYSE:BB) by 1.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,095,650 shares of the company’s stock after selling 13,700 shares during the quarter. Swiss National Bank owned about 0.18% of BlackBerry worth $4,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ArrowMark Colorado Holdings LLC increased its position in shares of BlackBerry by 7.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,911,833 shares of the company’s stock valued at $7,227,000 after acquiring an additional 131,833 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of BlackBerry by 2.5% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,224,473 shares of the company’s stock valued at $46,209,000 after acquiring an additional 301,678 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackBerry during the fourth quarter valued at approximately $544,000. Bank of America Corp DE increased its position in shares of BlackBerry by 50.4% during the fourth quarter. Bank of America Corp DE now owns 4,569,019 shares of the company’s stock valued at $17,271,000 after acquiring an additional 1,530,263 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of BlackBerry by 66.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 242,797 shares of the company’s stock valued at $914,000 after acquiring an additional 96,972 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Trading Down 0.4%

Shares of BlackBerry stock opened at $3.6450 on Thursday. The company’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $4.09. The stock has a market capitalization of $2.16 billion, a PE ratio of -60.75 and a beta of 1.49. BlackBerry Limited has a 1-year low of $2.22 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $121.26 million for the quarter, compared to analysts’ expectations of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. As a group, equities analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. CIBC reissued an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. Canaccord Genuity Group raised their target price on shares of BlackBerry from $4.25 to $4.60 and gave the stock a “hold” rating in a report on Tuesday, June 24th. Robert W. Baird raised their target price on shares of BlackBerry from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Royal Bank Of Canada raised their target price on shares of BlackBerry from $3.75 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, June 20th. Finally, Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.60.

Insiders Place Their Bets

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the sale, the chief executive officer directly owned 530,135 shares in the company, valued at $2,290,183.20. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip S. Kurtz sold 16,217 shares of the business’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $5.25, for a total transaction of $85,139.25. Following the completion of the sale, the insider owned 57,503 shares in the company, valued at approximately $301,890.75. This trade represents a 22.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,417 shares of company stock worth $267,524. 0.37% of the stock is currently owned by insiders.

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.