Virginia Retirement Systems ET AL acquired a new position in BlackBerry Ltd. (NASDAQ:BBRY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 399,500 shares of the smartphone producer’s stock, valued at approximately $2,667,000. Virginia Retirement Systems ET AL owned approximately 0.08% of BlackBerry at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of BBRY. Exane Derivatives acquired a new position in shares of BlackBerry during the first quarter worth approximately $221,000. World Asset Management Inc boosted its position in shares of BlackBerry by 7.8% in the second quarter. World Asset Management Inc now owns 32,372 shares of the smartphone producer’s stock worth $217,000 after buying an additional 2,330 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of BlackBerry by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 33,078 shares of the smartphone producer’s stock worth $222,000 after buying an additional 1,147 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of BlackBerry by 19.5% in the first quarter. Commonwealth Equity Services Inc now owns 42,279 shares of the smartphone producer’s stock worth $342,000 after buying an additional 6,889 shares during the last quarter. Finally, GMT Capital Corp acquired a new position in shares of BlackBerry during the second quarter worth approximately $393,000. 58.07% of the stock is owned by institutional investors and hedge funds.
Shares of BlackBerry Ltd. (NASDAQ:BBRY) opened at 7.89 on Friday. The firm’s 50-day moving average is $7.77 and its 200 day moving average is $7.31. The stock’s market cap is $4.13 billion. BlackBerry Ltd. has a 52-week low of $5.96 and a 52-week high of $9.46.
BBRY has been the subject of a number of recent analyst reports. MKM Partners reaffirmed a “hold” rating on shares of BlackBerry in a research note on Sunday, June 26th. Zacks Investment Research cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $7.62 price target on shares of BlackBerry in a research note on Monday, June 13th. Deutsche Bank AG reaffirmed a “hold” rating on shares of BlackBerry in a research note on Monday, June 27th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $7.00 price target on shares of BlackBerry in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $7.58.
BlackBerry Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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