ArrowMark Colorado Holdings LLC Purchases 131,833 Shares of BlackBerry Limited (NYSE:BB)

ArrowMark Colorado Holdings LLC raised its position in BlackBerry Limited (NYSE:BB - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,911,833 shares of the company's stock after purchasing an additional 131,833 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.32% of BlackBerry worth $7,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Legal & General Group Plc lifted its stake in BlackBerry by 19.9% during the fourth quarter. Legal & General Group Plc now owns 33,185,748 shares of the company's stock worth $125,987,000 after purchasing an additional 5,518,216 shares during the period. Vanguard Group Inc. increased its holdings in BlackBerry by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 22,865,831 shares of the company's stock valued at $86,844,000 after purchasing an additional 364,569 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of BlackBerry during the fourth quarter valued at approximately $53,267,000. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 valued at $51,856,000 after buying an additional 4,039,483 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of BlackBerry by 13.9% during the fourth quarter. First Trust Advisors LP now owns 12,755,972 shares of the company's stock worth $48,218,000 after buying an additional 1,558,904 shares during the last quarter. Institutional investors own 54.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BB. StockNews.com raised shares of BlackBerry from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Royal Bank of Canada set a $3.75 target price on BlackBerry in a research note on Thursday, April 3rd. CIBC reduced their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating for the company in a research report on Thursday, April 3rd. Finally, Canaccord Genuity Group decreased their price target on shares of BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Six equities research 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.12.

Insider Activity at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $2.99, for a total value of $89,520.60. Following the transaction, the senior vice president now owns 42,398 shares in the company, valued at $126,770.02. The trade was a 41.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 37,216 shares of company stock worth $112,025 in the last quarter. Company insiders own 0.34% of the company's stock.

BlackBerry Trading Up 1.3 %

Shares of BlackBerry stock traded up $0.05 during trading on Friday, hitting $3.85. The company's stock had a trading volume of 9,216,758 shares, compared to its average volume of 14,098,694. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -17.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The stock has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $3.65.

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

BlackBerry 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.