Toronto Dominion Bank Has $1.88 Million Stock Holdings in BlackBerry Limited (NYSE:BB)

Toronto Dominion Bank boosted its stake in BlackBerry Limited (NYSE:BB) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,314 shares of the company’s stock after purchasing an additional 36,372 shares during the period. Toronto Dominion Bank’s holdings in BlackBerry were worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BB. EP Wealth Advisors LLC acquired a new position in shares of BlackBerry during the second quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its position in BlackBerry by 83.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock worth $29,000 after acquiring an additional 5,349 shares during the last quarter. Quantinno Capital Management LP acquired a new position in BlackBerry in the 3rd quarter worth about $38,000. Werba Rubin Papier Wealth Management bought a new position in BlackBerry in the second quarter valued at about $43,000. Finally, Viewpoint Capital Management LLC acquired a new stake in shares of BlackBerry during the second quarter valued at about $50,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the transaction, the insider now owns 30,129 shares in the company, valued at $76,226.37. The trade was a 33.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price objective on shares of BlackBerry in a research note on Friday, September 27th. Canaccord Genuity Group upped their price target on shares of BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a research report on Friday, October 18th. CIBC raised their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.23.

BlackBerry Stock Down 2.5 %

Shares of NYSE BB opened at $2.69 on Monday. The company’s 50 day moving average price is $2.48 and its 200-day moving average price is $2.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. BlackBerry Limited has a 52-week low of $2.01 and a 52-week high of $4.44. The company has a market capitalization of $1.59 billion, a P/E ratio of -10.76 and a beta of 1.43.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. BlackBerry’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts forecast that BlackBerry Limited will post -0.06 earnings per share for the current year.

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.