IQ EQ FUND MANAGEMENT IRELAND Ltd Has $4.90 Million Holdings in BlackBerry Limited (NYSE:BB)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of BlackBerry Limited (NYSE:BB) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,295,036 shares of the company’s stock after buying an additional 74,290 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.22% of BlackBerry worth $4,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Masso Torrence Wealth Management Inc. purchased a new stake in shares of BlackBerry in the 4th quarter valued at approximately $38,000. Mindset Wealth Management LLC purchased a new position in BlackBerry during the 4th quarter worth approximately $38,000. Sanctuary Advisors LLC acquired a new stake in BlackBerry during the 4th quarter valued at $40,000. HighTower Advisors LLC purchased a new stake in shares of BlackBerry in the fourth quarter valued at $41,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of BlackBerry in the fourth quarter worth $45,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and upped their price target for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a report on Friday, January 10th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a report on Tuesday, March 11th. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and boosted their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, BlackBerry currently has an average rating of “Moderate Buy” and an average target price of $3.91.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 155,815 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $573,399.20. Following the transaction, the chief executive officer now owns 385,552 shares in the company, valued at $1,418,831.36. This trade represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 244,221 shares of company stock worth $925,655. 0.34% of the stock is owned by corporate insiders.

BlackBerry Price Performance

Shares of BB opened at $4.14 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $2.47 billion, a PE ratio of -18.80 and a beta of 1.27. The firm’s 50 day moving average price is $4.70 and its 200 day moving average price is $3.45. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24.

About BlackBerry

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.