First Trust Advisors LP Sells 8,490,714 Shares of BlackBerry Limited $BB

First Trust Advisors LP trimmed its holdings in BlackBerry Limited (NYSE:BB) by 34.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500,938 shares of the company’s stock after selling 8,490,714 shares during the period. First Trust Advisors LP’s holdings in BlackBerry were worth $53,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BB. Vanguard Group Inc. lifted its position in shares of BlackBerry by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after acquiring an additional 142,924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after purchasing an additional 209,448 shares in the last quarter. Bank of America Corp DE grew its position in shares of BlackBerry by 21.3% in the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after purchasing an additional 980,359 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BlackBerry by 31.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after purchasing an additional 972,738 shares during the period. Finally, UBS Group AG raised its stake in shares of BlackBerry by 52.9% during the 3rd quarter. UBS Group AG now owns 3,041,707 shares of the company’s stock valued at $14,844,000 after purchasing an additional 1,052,398 shares during the period. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Raymond James Financial raised their target price on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. TD Securities restated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Finally, Royal Bank Of Canada raised their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BlackBerry has an average rating of “Hold” and a consensus target price of $8.92.

Insider Buying and Selling

In related news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the completion of the sale, the insider directly owned 125,158 shares in the company, valued at $1,385,499.06. This represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $35,992.32. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 355,858 shares of company stock valued at $4,012,270 over the last three months. 0.51% of the stock is owned by corporate insiders.

BlackBerry Price Performance

BlackBerry stock opened at $8.54 on Monday. BlackBerry Limited has a 52 week low of $3.12 and a 52 week high of $13.59. The business has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $5.94. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 94.84 and a beta of 2.20.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. 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, research analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

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.