BlackBerry Limited (NYSE:BB) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in shares of BlackBerry Limited (NYSE:BB - Free Report) by 293.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,552,129 shares of the company's stock after acquiring an additional 3,395,786 shares during the quarter. Two Sigma Investments LP owned about 0.77% of BlackBerry worth $17,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. raised its stake in BlackBerry by 26.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 94,246 shares of the company's stock worth $356,000 after acquiring an additional 19,438 shares in the last quarter. Prospect Capital Advisors LLC acquired a new stake in BlackBerry during the 4th quarter worth $1,830,000. Quantinno Capital Management LP grew its position in BlackBerry by 99.6% during the 4th quarter. Quantinno Capital Management LP now owns 28,591 shares of the company's stock worth $108,000 after purchasing an additional 14,270 shares during the last quarter. Gotham Asset Management LLC purchased a new position in BlackBerry during the 4th quarter worth $122,000. Finally, EdgePoint Investment Group Inc. grew its position in BlackBerry by 2.5% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,224,473 shares of the company's stock worth $46,209,000 after purchasing an additional 301,678 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Stock Performance

Shares of NYSE:BB traded down $0.10 during midday trading on Wednesday, hitting $4.04. The stock had a trading volume of 7,160,494 shares, compared to its average volume of 13,939,686. The company has a market capitalization of $2.41 billion, a PE ratio of -18.34 and a beta of 1.42. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. The stock has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $3.80. 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 released its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 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 firm's revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, equities analysts predict that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on BB. Wall Street Zen raised shares of BlackBerry from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada set a $3.75 price objective on shares of BlackBerry in a research report on Thursday, April 3rd. CIBC lowered their price objective on shares of BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a research report on Thursday, April 3rd. Finally, Canaccord Genuity Group lowered their price objective on shares of BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, BlackBerry presently has a consensus rating of "Hold" and a consensus target price of $4.12.

Insider Buying and Selling

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry 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 completion of the transaction, the senior vice president now owns 42,398 shares in the company, valued at approximately $126,770.02. The trade was a 41.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 37,216 shares of company stock valued at $112,025. Corporate insiders own 0.37% of the company's stock.

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.