Arrowstreet Capital Limited Partnership Buys 1,612,465 Shares of BlackBerry Limited $BB

Arrowstreet Capital Limited Partnership grew its stake in shares of BlackBerry Limited (NYSE:BB) by 137.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,788,921 shares of the company’s stock after buying an additional 1,612,465 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in BlackBerry were worth $12,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Voya Investment Management LLC bought a new position in BlackBerry during the 1st quarter worth approximately $95,166,000. NewGen Equity Long Short Fund acquired a new stake in BlackBerry in the second quarter worth $12,366,000. DLD Asset Management LP bought a new position in shares of BlackBerry during the second quarter worth $9,160,000. Geode Capital Management LLC boosted its position in shares of BlackBerry by 263.2% during the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of BlackBerry by 52.1% in the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock valued at $4,456,000 after buying an additional 404,823 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Philip S. Kurtz sold 44,178 shares of the firm’s stock in a transaction on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the transaction, the insider owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the sale, the insider owned 291,340 shares in the company, valued at $1,345,990.80. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 88,565 shares of company stock worth $423,706. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BB. TD Securities downgraded BlackBerry from a “buy” rating to a “hold” rating and raised their price objective for the stock from $4.00 to $5.00 in a research note on Friday, October 3rd. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. TD Cowen reiterated a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a report on Friday, October 3rd. Royal Bank Of Canada increased their target price on BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Up 2.0%

NYSE:BB opened at $4.41 on Tuesday. The stock has a 50-day simple moving average of $4.49 and a 200 day simple moving average of $4.19. BlackBerry Limited has a 52-week low of $2.62 and a 52-week high of $6.24. The company has a market cap of $2.60 billion, a PE ratio of -440.50 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The company’s revenue for the quarter was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS and its FY 2026 guidance at 0.110-0.15 EPS. On average, sell-side analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal 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.