IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.20 Million Stock Holdings in BlackBerry Limited (NYSE:BB)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of BlackBerry Limited (NYSE:BB) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,220,746 shares of the company’s stock after selling 94,411 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.21% of BlackBerry worth $3,198,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in BlackBerry by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,505,300 shares of the company’s stock valued at $53,835,000 after purchasing an additional 149,444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in BlackBerry by 9.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,115,850 shares of the company’s stock worth $27,920,000 after acquiring an additional 886,523 shares during the last quarter. Quantbot Technologies LP acquired a new stake in BlackBerry during the first quarter worth approximately $645,000. Cubist Systematic Strategies LLC lifted its position in BlackBerry by 815.6% during the second quarter. Cubist Systematic Strategies LLC now owns 548,884 shares of the company’s stock worth $1,361,000 after acquiring an additional 488,934 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in BlackBerry by 132.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 6,069,593 shares of the company’s stock worth $16,631,000 after acquiring an additional 3,458,275 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Robert W. Baird lowered their target price on shares of BlackBerry from $3.50 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Canaccord Genuity Group lowered their target price on shares of BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a report on Thursday, June 27th. Canaccord Genuity Group lowered their target price on shares of BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a report on Thursday, June 27th. Cibc World Mkts raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.00 target price on shares of BlackBerry in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BlackBerry has an average rating of “Hold” and a consensus price target of $3.20.

Insiders Place Their Bets

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the sale, the insider now owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. The trade was a 0.00 % 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. Insiders own 0.34% of the company’s stock.

BlackBerry Stock Performance

Shares of NYSE:BB opened at $2.62 on Thursday. The company’s 50 day simple moving average is $2.37 and its 200 day simple moving average is $2.57. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -9.02 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $4.44.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $138.82 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. As a group, research analysts predict that BlackBerry Limited will post -0.06 EPS for the current fiscal 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.