TD Asset Management Inc Purchases 60,320 Shares of BlackBerry Limited $BB

TD Asset Management Inc increased its stake in shares of BlackBerry Limited (NYSE:BB) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,809,320 shares of the company’s stock after purchasing an additional 60,320 shares during the period. TD Asset Management Inc’s holdings in BlackBerry were worth $6,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of BlackBerry by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after acquiring an additional 10,667 shares during the last quarter. 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 acquiring an additional 846,208 shares during the last quarter. Creative Planning boosted its position in shares of BlackBerry by 87.5% during the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after acquiring an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of BlackBerry during the second quarter worth $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 worth $71,397,000 after acquiring an additional 14,544,005 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

Analyst Ratings Changes

BB has been the topic of a number of recent research reports. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a research note on Friday, April 10th. Finally, Canaccord Genuity Group decreased their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.88.

BlackBerry Stock Down 5.2%

Shares of BB opened at $8.81 on Wednesday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 110.11 and a beta of 2.29. BlackBerry Limited has a 12-month low of $3.12 and a 12-month high of $10.93. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $6.07 and a 200-day moving average price of $4.56.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities research analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s 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 approximately $3,200,959.76. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,171 shares of company stock valued at $260,489 over the last three months. Insiders own 0.51% of the company’s stock.

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.