Boston Partners Raises Stake in BlackBerry Limited $BB

Boston Partners lifted its stake in BlackBerry Limited (NYSE:BB) by 134.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,845 shares of the company’s stock after purchasing an additional 114,739 shares during the period. Boston Partners’ holdings in BlackBerry were worth $915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of BlackBerry by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after acquiring an additional 218,684 shares during the period. Voya Investment Management LLC purchased a new position in BlackBerry during the 1st quarter worth $95,166,000. Mirae Asset Global Investments Co. Ltd. raised its position in BlackBerry by 103.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock valued at $1,431,000 after purchasing an additional 159,203 shares in the last quarter. NewGen Equity Long Short Fund purchased a new stake in shares of BlackBerry in the 2nd quarter worth $12,366,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of BlackBerry by 7.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after buying an additional 71,057 shares during the period. Institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

BB has been the subject of several recent research reports. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a report on Friday, September 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. TD Securities cut shares of BlackBerry from a “buy” rating to a “hold” rating and upped their price target for the stock from $4.00 to $5.00 in a research report on Friday, October 3rd. TD Cowen reissued a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a report on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Up 0.4%

Shares of BlackBerry stock opened at $4.09 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.42 billion, a P/E ratio of -408.60 and a beta of 1.51. The firm’s 50 day moving average price is $4.54 and its 200-day moving average price is $4.18. BlackBerry Limited has a 52-week low of $2.51 and a 52-week high of $6.24.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $122.03 million. The business’s revenue 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. On average, sell-side analysts predict that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insider Transactions at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 5,914 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares in the company, valued at approximately $1,345,990.80. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 28,343 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $130,944.66. Following the completion of the sale, the chief executive officer directly owned 568,164 shares of the company’s stock, valued at approximately $2,624,917.68. This represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,565 shares of company stock valued at $423,706 in the last quarter. 0.37% of the stock is currently 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.