BlackBerry Limited (NYSE:BB) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,669,715 shares of the company's stock after buying an additional 4,039,483 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 2.31% of BlackBerry worth $51,856,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. increased its holdings in BlackBerry by 15.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company's stock valued at $31,238,000 after acquiring an additional 1,637,916 shares during the last quarter. State Street Corp grew its holdings in BlackBerry by 1.9% during the 3rd quarter. State Street Corp now owns 1,309,606 shares of the company's stock valued at $3,431,000 after buying an additional 24,309 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in BlackBerry by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,230 shares of the company's stock worth $3,194,000 after acquiring an additional 11,899 shares during the last quarter. Potrero Capital Research LLC bought a new stake in BlackBerry in the 3rd quarter worth approximately $2,359,000. Finally, Toronto Dominion Bank raised its holdings in shares of BlackBerry by 5.3% during the 3rd quarter. Toronto Dominion Bank now owns 718,314 shares of the company's stock worth $1,882,000 after acquiring an additional 36,372 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Trading Up 6.2 %

Shares of NYSE BB traded up $0.27 during mid-day trading on Friday, reaching $4.53. The company had a trading volume of 13,642,478 shares, compared to its average volume of 13,135,825. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The business's 50-day moving average is $4.65 and its 200-day moving average is $3.34. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -20.57 and a beta of 1.27. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. Equities analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current year.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 155,815 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $573,399.20. Following the sale, the chief executive officer now directly owns 385,552 shares in the company, valued at approximately $1,418,831.36. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mattias Eriksson sold 14,475 shares of BlackBerry stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the completion of the transaction, the insider now directly owns 238,838 shares in the company, valued at approximately $878,923.84. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 244,221 shares of company stock worth $925,655. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird increased their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a research report on Friday, December 20th. StockNews.com raised BlackBerry from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. TD Cowen raised BlackBerry from a "hold" rating to a "buy" rating and boosted their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, January 10th. Finally, TD Securities raised shares of BlackBerry from a "hold" rating to a "buy" rating and increased their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BlackBerry currently has an average rating of "Moderate Buy" and a consensus target price of $3.91.

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.