Advisory Services Network LLC Has $268,000 Stake in BlackBerry Limited (NYSE:BB)

Advisory Services Network LLC grew its stake in BlackBerry Limited (NYSE:BB) by 6.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,829 shares of the company’s stock after buying an additional 4,375 shares during the quarter. Advisory Services Network LLC’s holdings in BlackBerry were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in BlackBerry by 3.8% in the 4th quarter. Invesco Ltd. now owns 115,116 shares of the company’s stock worth $435,000 after purchasing an additional 4,226 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of BlackBerry by 100.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,008 shares during the period. National Bank of Canada FI lifted its stake in shares of BlackBerry by 2.4% in the fourth quarter. National Bank of Canada FI now owns 254,032 shares of the company’s stock worth $967,000 after buying an additional 5,870 shares during the last quarter. Swiss National Bank boosted its holdings in shares of BlackBerry by 0.6% during the 4th quarter. Swiss National Bank now owns 1,109,350 shares of the company’s stock worth $4,212,000 after buying an additional 6,700 shares during the period. Finally, Geode Capital Management LLC grew its stake in BlackBerry by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 267,073 shares of the company’s stock valued at $706,000 after buying an additional 7,652 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

Insider Buying and Selling at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $89,520.60. Following the sale, the senior vice president now owns 42,398 shares of the company’s stock, valued at approximately $126,770.02. This represents a 41.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $4.19, for a total transaction of $102,340.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,641 shares of company stock valued at $214,365. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BB has been the subject of a number of research analyst reports. CIBC cut their target price on shares of BlackBerry from $7.00 to $6.00 and set an “outperformer” rating for the company in a research report on Thursday, April 3rd. Robert W. Baird increased their target price on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Royal Bank of Canada set a $3.75 target price on shares of BlackBerry in a research report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and a consensus target price of $4.12.

BlackBerry Stock Down 1.1 %

Shares of BB stock opened at $3.17 on Friday. BlackBerry Limited has a one year low of $2.01 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a fifty day moving average price of $4.29 and a 200 day moving average price of $3.55. The stock has a market cap of $1.89 billion, a P/E ratio of -14.39 and a beta of 1.30.

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

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.