Barclays PLC Sells 117,257 Shares of BlackBerry Limited (NYSE:BB)

Barclays PLC lowered its position in shares of BlackBerry Limited (NYSE:BB - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,961 shares of the company's stock after selling 117,257 shares during the period. Barclays PLC's holdings in BlackBerry were worth $498,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of BlackBerry by 19.9% in the 4th quarter. Legal & General Group Plc now owns 33,185,748 shares of the company's stock worth $125,987,000 after acquiring an additional 5,518,216 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 22,865,831 shares of the company's stock worth $86,844,000 after acquiring an additional 364,569 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of BlackBerry by 41.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company's stock worth $51,856,000 after acquiring an additional 4,039,483 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of BlackBerry in the 4th quarter worth approximately $19,485,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of BlackBerry in the 4th quarter worth approximately $10,514,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Stock Up 2.0%

Shares of NYSE:BB traded up $0.08 during midday trading on Monday, reaching $3.89. The company's stock had a trading volume of 14,618,710 shares, compared to its average volume of 14,322,029. The firm has a 50 day moving average of $3.69 and a 200-day moving average of $3.67. The firm has a market capitalization of $2.32 billion, a P/E ratio of -17.66 and a beta of 1.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. BlackBerry Limited has a 12-month low of $2.01 and a 12-month high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. During the same period in the prior year, the firm posted $0.03 EPS. BlackBerry's revenue for the quarter was down 7.3% on a year-over-year basis. On average, research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BB shares. Royal Bank of Canada set a $3.75 price target on shares of BlackBerry in a report on Thursday, April 3rd. StockNews.com upgraded shares of BlackBerry from a "sell" rating to a "hold" rating in a report on Friday, April 11th. CIBC lowered their price target on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group decreased their price objective on shares of BlackBerry from $4.75 to $4.25 and set a "hold" rating for the company in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.12.

Insider Buying and Selling at BlackBerry

In other BlackBerry 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 transaction of $89,520.60. Following the transaction, the senior vice president now owns 42,398 shares in the company, valued at approximately $126,770.02. This represents a 41.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 37,216 shares of company stock worth $112,025. Company insiders own 0.34% of the company's stock.

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.