Mn Services Vermogensbeheer B.V. bought a new stake in shares of BlackBerry Ltd (NYSE:BB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,707 shares of the company’s stock, valued at approximately $1,195,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp acquired a new stake in shares of BlackBerry in the first quarter valued at about $4,086,000. BlackRock Inc. acquired a new stake in shares of BlackBerry in the first quarter valued at about $21,452,000. JPMorgan Chase & Co. acquired a new stake in shares of BlackBerry in the first quarter valued at about $211,000. Dimensional Fund Advisors LP acquired a new stake in shares of BlackBerry in the first quarter valued at about $4,129,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of BlackBerry in the first quarter valued at about $1,122,000. Institutional investors own 56.20% of the company’s stock.
BB has been the topic of several research analyst reports. Raymond James raised their price target on BlackBerry from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, October 1st. Zacks Investment Research raised BlackBerry from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Thursday, October 4th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. BlackBerry has a consensus rating of “Buy” and a consensus price target of $12.21.
BlackBerry (NYSE:BB) last released its earnings results on Friday, September 28th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. BlackBerry had a positive return on equity of 0.61% and a negative net margin of 34.24%. The business had revenue of $214.00 million for the quarter, compared to the consensus estimate of $209.41 million. During the same period last year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, sell-side analysts predict that BlackBerry Ltd will post -0.03 earnings per share for the current fiscal year.
BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It 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 secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.
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