Public Employees Retirement System of Ohio Invests $3.59 Million in BlackBerry Limited $BB

Public Employees Retirement System of Ohio purchased a new position in shares of BlackBerry Limited (NYSE:BB) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 284,226 shares of the company’s stock, valued at approximately $3,591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. General American Investors Co. Inc. acquired a new position in BlackBerry during the 4th quarter worth approximately $3,892,000. Renaissance Technologies LLC lifted its holdings in shares of BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after buying an additional 2,063,153 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of BlackBerry in the second quarter valued at approximately $20,798,000. Havemeyer Place LP purchased a new stake in shares of BlackBerry in the fourth quarter valued at approximately $1,349,000. Finally, Legal & General Group Plc acquired a new position in BlackBerry during the second quarter worth $480,710,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Trading Up 1.2%

NYSE:BB opened at $7.70 on Friday. The company has a market capitalization of $4.52 billion, a PE ratio of 85.57 and a beta of 2.23. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry Limited has a 52-week low of $3.12 and a 52-week high of $13.59. The stock has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $6.89.

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

Insider Buying and Selling at BlackBerry

In other news, CFO Tim Foote sold 8,235 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the sale, the chief financial officer directly owned 73,535 shares in the company, valued at $803,002.20. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Kurtz sold 6,414 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was 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 approximately $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock worth $4,012,270 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BB has been the subject of several research analyst reports. TD increased their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. TD Securities reaffirmed a “hold” rating and set a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Canaccord Genuity Group increased their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Zacks Research lowered shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.