IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.20 Million Holdings in BlackBerry Limited (NYSE:BB)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in shares of BlackBerry Limited (NYSE:BB) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,220,746 shares of the company’s stock after selling 94,411 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in BlackBerry were worth $3,198,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BB. Creative Planning lifted its holdings in BlackBerry by 40.8% in the third quarter. Creative Planning now owns 36,551 shares of the company’s stock valued at $96,000 after buying an additional 10,585 shares during the period. EP Wealth Advisors LLC acquired a new position in BlackBerry in the second quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in BlackBerry by 83.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after buying an additional 5,349 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in BlackBerry by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 441,235 shares of the company’s stock valued at $1,101,000 after buying an additional 11,370 shares during the period. Finally, Millennium Management LLC lifted its holdings in BlackBerry by 5,408.9% in the second quarter. Millennium Management LLC now owns 3,431,588 shares of the company’s stock valued at $8,510,000 after buying an additional 3,369,296 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insider Transactions at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction dated Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the sale, the insider now directly owns 30,129 shares of the company’s stock, valued at $76,226.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

BlackBerry Trading Up 5.0 %

NYSE:BB opened at $2.62 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50-day moving average of $2.37 and a 200-day moving average of $2.57. The company has a market cap of $1.54 billion, a PE ratio of -9.02 and a beta of 1.40. BlackBerry Limited has a one year low of $2.01 and a one year high of $4.44.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $145.00 million during the quarter, compared to the consensus estimate of $138.82 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, equities research analysts expect that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Analyst Ratings Changes

BB has been the topic of several recent analyst reports. Canaccord Genuity Group dropped their target price on shares of BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a report on Thursday, June 27th. Canaccord Genuity Group dropped their target price on shares of BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a report on Thursday, June 27th. Raymond James decreased their price target on shares of BlackBerry from $5.50 to $4.75 and set a “market perform” rating for the company in a research note on Friday, June 28th. Cibc World Mkts raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.20.

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.