MUFG Securities EMEA plc acquired a new position in shares of BlackBerry Ltd (NYSE:BB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,550,000 shares of the company’s stock, valued at approximately $11,563,000. MUFG Securities EMEA plc owned about 0.28% of BlackBerry at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of BlackBerry by 43.9% in the 2nd quarter. Renaissance Technologies LLC now owns 6,099,087 shares of the company’s stock valued at $45,499,000 after purchasing an additional 1,860,044 shares during the last quarter. ARS Investment Partners LLC raised its holdings in shares of BlackBerry by 5,783.8% during the 2nd quarter. ARS Investment Partners LLC now owns 1,217,950 shares of the company’s stock valued at $9,086,000 after buying an additional 1,197,250 shares during the period. Kahn Brothers Group Inc. DE boosted its holdings in BlackBerry by 22.0% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 5,563,690 shares of the company’s stock worth $41,505,000 after acquiring an additional 1,001,865 shares during the period. Toronto Dominion Bank grew its position in BlackBerry by 27.3% in the first quarter. Toronto Dominion Bank now owns 4,131,216 shares of the company’s stock valued at $41,654,000 after acquiring an additional 884,858 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of BlackBerry during the first quarter valued at approximately $7,547,000. 50.82% of the stock is owned by institutional investors.

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their target price on BlackBerry from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, June 27th. Macquarie set a $11.00 target price on shares of BlackBerry and gave the company a “hold” rating in a research note on Friday, August 30th. Canaccord Genuity decreased their price target on shares of BlackBerry from $10.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 27th. Scotiabank set a $10.00 price target on BlackBerry and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Raymond James lowered their price objective on BlackBerry from $11.00 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.30.

BB traded up $0.29 during trading on Wednesday, reaching $7.44. The stock had a trading volume of 387,894 shares, compared to its average volume of 2,944,710. The stock has a 50 day moving average of $7.02 and a two-hundred day moving average of $8.17. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 57.15 and a beta of 1.78. BlackBerry Ltd has a 1-year low of $6.57 and a 1-year high of $12.00.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The business had revenue of $267.00 million during the quarter, compared to analyst estimates of $264.55 million. BlackBerry had a return on equity of 1.84% and a net margin of 12.58%. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. On average, research analysts forecast that BlackBerry Ltd will post -0.03 EPS for the current fiscal year.

BlackBerry Profile

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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