Dimensional Fund Advisors LP Has $3.09 Million Stock Holdings in BlackBerry Limited (NYSE:BB)

Dimensional Fund Advisors LP trimmed its position in BlackBerry Limited (NYSE:BB - Free Report) by 33.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,855 shares of the company's stock after selling 402,963 shares during the period. Dimensional Fund Advisors LP owned approximately 0.14% of BlackBerry worth $3,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BB. First Trust Advisors LP increased its holdings in BlackBerry by 13.9% during the 4th quarter. First Trust Advisors LP now owns 12,755,972 shares of the company's stock worth $48,218,000 after purchasing an additional 1,558,904 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of BlackBerry by 66.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 242,797 shares of the company's stock worth $914,000 after buying an additional 96,972 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of BlackBerry in the 4th quarter worth approximately $96,000. Zacks Investment Management purchased a new position in shares of BlackBerry in the 4th quarter worth approximately $62,000. Finally, Raymond James Financial Inc. purchased a new position in shares of BlackBerry in the 4th quarter worth approximately $544,000. 54.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the company's stock in a transaction on Friday, April 4th. The shares were 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 of the company's stock, valued at approximately $126,770.02. This represents a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 37,216 shares of company stock worth $112,025 over the last 90 days. Corporate insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

BB has been the topic of a number of research analyst reports. Royal Bank of Canada set a $3.75 target price on BlackBerry in a research note on Thursday, April 3rd. CIBC cut their target price on BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a research note on Thursday, April 3rd. Canaccord Genuity Group cut their target price on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Finally, StockNews.com upgraded BlackBerry from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.12.

BlackBerry Price Performance

BlackBerry stock opened at $3.93 on Wednesday. BlackBerry Limited has a 12 month low of $2.01 and a 12 month high of $6.24. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The business's 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.69. The company has a market cap of $2.34 billion, a price-to-earnings ratio of -17.86 and a beta of 1.42.

BlackBerry (NYSE:BB - Get Free Report) last posted 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. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. BlackBerry's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Sell-side analysts forecast that BlackBerry Limited will post -0.03 EPS for the current year.

About BlackBerry

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.

Want to see what other hedge funds are holding BB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackBerry Limited (NYSE:BB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.