BlackBerry Ltd. (BBRY) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. lowered its position in shares of BlackBerry Ltd. (NASDAQ:BBRY) (TSE:BB) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,188,164 shares of the smartphone producer’s stock after selling 93,900 shares during the period. TD Asset Management Inc. owned 0.80% of BlackBerry worth $33,337,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of BlackBerry during the second quarter worth approximately $32,778,000. Jarislowsky Fraser Ltd raised its position in shares of BlackBerry by 2,304.5% in the second quarter. Jarislowsky Fraser Ltd now owns 277,698 shares of the smartphone producer’s stock worth $12,878,000 after buying an additional 266,149 shares during the period. Societe Generale acquired a new position in shares of BlackBerry during the second quarter worth approximately $2,013,000. IFP Advisors Inc raised its position in shares of BlackBerry by 83.9% in the second quarter. IFP Advisors Inc now owns 20,490 shares of the smartphone producer’s stock worth $137,000 after buying an additional 9,350 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of BlackBerry during the second quarter worth approximately $400,000. 61.81% of the stock is currently owned by institutional investors.
Shares of BlackBerry Ltd. (NASDAQ:BBRY) traded down 0.94% on Tuesday, hitting $7.39. The company had a trading volume of 683,051 shares. The firm’s market capitalization is $3.87 billion. The firm has a 50 day moving average of $7.35 and a 200-day moving average of $7.34. BlackBerry Ltd. has a 12-month low of $6.23 and a 12-month high of $9.46.
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A number of research analysts recently issued reports on the company. Wells Fargo & Co. reaffirmed a “positive” rating and set a $7.62 target price on shares of BlackBerry in a report on Tuesday, August 30th. Zacks Investment Research raised BlackBerry from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, October 3rd. Vetr raised BlackBerry from a “buy” rating to a “strong-buy” rating and set a $8.59 target price on the stock in a report on Tuesday, October 11th. TD Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of BlackBerry in a report on Friday, September 23rd. Finally, Royal Bank Of Canada lifted their target price on BlackBerry from $7.00 to $7.50 and gave the stock a “sector perform” rating in a report on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.93.
BlackBerry Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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