Legal & General Group Plc Purchases Shares of 38,079,716 BlackBerry Limited $BB

Legal & General Group Plc bought a new position in BlackBerry Limited (NYSE:BB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,079,716 shares of the company’s stock, valued at approximately $480,710,000. Legal & General Group Plc owned 6.49% of BlackBerry at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after acquiring an additional 14,544,005 shares during the last quarter. First Trust Advisors LP increased its holdings in BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in BlackBerry in the second quarter valued at about $69,786,000. BlackRock Inc. bought a new position in BlackBerry in the second quarter valued at about $42,002,000. Finally, Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 2,980,732 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. TD Securities reiterated a “hold” rating and set a $8.00 price target on shares of BlackBerry in a report on Friday, June 26th. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Zacks Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised their target price on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.92.

BlackBerry Stock Up 1.9%

BB stock opened at $7.79 on Wednesday. The stock’s 50 day simple moving average is $9.44 and its 200 day simple moving average is $6.67. The company has a market cap of $4.57 billion, a P/E ratio of 86.59 and a beta of 2.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry Limited has a fifty-two week low of $3.12 and a fifty-two week high of $13.59.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. 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 expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the completion of the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This represents a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the sale, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 355,858 shares of company stock worth $4,012,270 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

BlackBerry Company 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.