Legal & General Group Plc Reduces Stake in BlackBerry Limited $BB

Legal & General Group Plc reduced its position in BlackBerry Limited (NYSE:BB) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,223,731 shares of the company’s stock after selling 1,646,467 shares during the period. Legal & General Group Plc owned 0.05% of BlackBerry worth $114,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after acquiring an additional 14,544,005 shares during the last quarter. Bank of America Corp DE increased its position in BlackBerry by 183.6% during the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after acquiring an additional 2,980,732 shares during the last quarter. First Trust Advisors LP increased its position in BlackBerry by 18.1% during the third quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after acquiring an additional 2,844,036 shares during the last quarter. Dimensional Fund Advisors LP increased its position in BlackBerry by 368.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock valued at $15,027,000 after acquiring an additional 2,421,578 shares during the last quarter. Finally, UBS Group AG increased its position in BlackBerry by 52.9% during the third quarter. UBS Group AG now owns 3,041,707 shares of the company’s stock valued at $14,844,000 after acquiring an additional 1,052,398 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Canaccord Genuity Group reduced their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.88.

BlackBerry Price Performance

NYSE BB opened at $8.77 on Friday. The company has a market capitalization of $5.15 billion, a PE ratio of 109.69 and a beta of 2.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The business’s fifty day moving average is $5.05 and its 200 day moving average is $4.26. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $9.03.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.BlackBerry’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Sell-side analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insider Buying and Selling at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,171 shares of company stock worth $260,489 over the last quarter. 0.51% of the stock is owned by company insiders.

BlackBerry Profile

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.