Public Employees Retirement System of Ohio Trims Stock Holdings in BlackBerry Limited $BB

Public Employees Retirement System of Ohio reduced its position in BlackBerry Limited (NYSE:BB) by 16.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 174,428 shares of the company’s stock after selling 34,891 shares during the period. Public Employees Retirement System of Ohio’s holdings in BlackBerry were worth $800,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Parallel Advisors LLC raised its stake in BlackBerry by 216.2% during the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares during the period. Chicago Partners Investment Group LLC purchased a new position in shares of BlackBerry in the 1st quarter worth $37,000. OneDigital Investment Advisors LLC acquired a new position in BlackBerry in the first quarter valued at $40,000. Tobam purchased a new stake in BlackBerry during the first quarter valued at about $86,000. Finally, Ballentine Partners LLC increased its stake in BlackBerry by 35.4% during the first quarter. Ballentine Partners LLC now owns 23,339 shares of the company’s stock worth $88,000 after acquiring an additional 6,099 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackBerry in a research note on Saturday, September 27th. CIBC restated an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. TD Cowen reiterated a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a research note on Friday. TD Securities lowered shares of BlackBerry from a “buy” rating to a “hold” rating and increased their price objective for the stock from $4.00 to $5.00 in a research report on Friday. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BlackBerry presently has a consensus rating of “Hold” and an average target price of $5.10.

BlackBerry Price Performance

BB stock opened at $4.50 on Monday. The company has a market capitalization of $2.65 billion, a PE ratio of -449.50 and a beta of 1.51. The stock’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.89. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 52-week low of $2.24 and a 52-week high of $6.24.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. BlackBerry’s revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In other news, insider Philip S. Kurtz sold 44,178 shares of the business’s stock in a transaction on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the sale, the insider owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by corporate 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.