Havemeyer Place LP acquired a new stake in BlackBerry Limited (NYSE:BB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 356,058 shares of the company’s stock, valued at approximately $1,349,000. Havemeyer Place LP owned approximately 0.06% of BlackBerry as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after acquiring an additional 142,924 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of BlackBerry by 18.1% in the 3rd quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after buying an additional 2,844,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BlackBerry by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after buying an additional 209,448 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackBerry by 21.3% in the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after buying an additional 980,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of BlackBerry by 368.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after buying an additional 2,421,578 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
BlackBerry Price Performance
Shares of NYSE BB opened at $9.42 on Monday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 117.71 and a beta of 2.29. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $10.93. The company’s 50-day moving average price is $5.84 and its 200 day moving average price is $4.49. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26.
Analyst Upgrades and Downgrades
Several analysts recently commented on BB shares. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Canaccord Genuity Group cut their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a report on Friday, April 10th. Finally, Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.88.
View Our Latest Analysis on BlackBerry
Insider Activity
In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the transaction, the senior vice president owned 94,903 shares in the company, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 73,171 shares of company stock worth $260,489. Insiders own 0.51% of the company’s stock.
BlackBerry Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.
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