The Manufacturers Life Insurance Company Invests $6.67 Million in BlackBerry Limited $BB

The Manufacturers Life Insurance Company bought a new stake in BlackBerry Limited (NYSE:BB) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 529,295 shares of the company’s stock, valued at approximately $6,673,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in BlackBerry in the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC purchased a new position in shares of BlackBerry during the second quarter worth approximately $32,000. Wealthfront Advisers LLC purchased a new position in shares of BlackBerry during the first quarter worth approximately $34,000. Bank of New York Mellon Corp acquired a new position in shares of BlackBerry in the 1st quarter valued at $37,000. Finally, Portfolio Resources Advisor Group Inc. acquired a new position in shares of BlackBerry in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Philip S. Kurtz sold 6,414 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the transaction, the senior vice president owned 106,091 shares of the company’s stock, valued at $1,158,513.72. This represents a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is owned by insiders.

BlackBerry Price Performance

Shares of BB opened at $8.17 on Monday. BlackBerry Limited has a twelve month low of $3.12 and a twelve month high of $13.59. The stock’s 50 day moving average is $9.42 and its two-hundred day moving average is $6.77. The firm has a market capitalization of $4.80 billion, a PE ratio of 90.79 and a beta of 2.26. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Research analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BB shares. Canaccord Genuity Group increased their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. TD Securities reiterated a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research note on Friday, June 26th. Finally, TD boosted their price target on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.92.

About BlackBerry

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.