Bank of Montreal Can acquired a new stake in shares of BlackBerry Ltd. (NASDAQ:BBRY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,884,906 shares of the smartphone producer’s stock, valued at approximately $32,778,000. Bank of Montreal Can owned about 0.93% of BlackBerry as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in BlackBerry during the fourth quarter valued at approximately $41,371,000. Commonwealth Equity Services Inc boosted its stake in BlackBerry by 19.5% in the first quarter. Commonwealth Equity Services Inc now owns 42,279 shares of the smartphone producer’s stock valued at $342,000 after buying an additional 6,889 shares during the period. Virginia Retirement System acquired a new stake in BlackBerry during the first quarter valued at approximately $3,298,000. Exane Derivatives acquired a new stake in BlackBerry during the first quarter valued at approximately $221,000. Finally, Ruffer LLP boosted its stake in BlackBerry by 50.0% in the first quarter. Ruffer LLP now owns 150,000 shares of the smartphone producer’s stock valued at $1,216,000 after buying an additional 50,000 shares during the period. 58.07% of the stock is currently owned by institutional investors.
Shares of BlackBerry Ltd. (NASDAQ:BBRY) traded up 0.25% during trading on Friday, hitting $7.91. The stock had a trading volume of 2,522,841 shares. BlackBerry Ltd. has a 52-week low of $5.96 and a 52-week high of $9.46. The firm’s 50-day moving average is $7.77 and its 200 day moving average is $7.31. The firm’s market cap is $4.14 billion.
BBRY has been the topic of several recent analyst reports. Zacks Investment Research cut BlackBerry from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Wells Fargo & Co. reissued a “market perform” rating and issued a $7.62 target price on shares of BlackBerry in a research report on Monday, June 13th. Imperial Capital dropped their target price on BlackBerry from $7.50 to $7.00 and set an “in-line” rating on the stock in a research report on Thursday, June 16th. Credit Suisse Group AG reissued a “sell” rating on shares of BlackBerry in a research report on Friday, June 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $7.00 target price (down from $8.00) on shares of BlackBerry in a research report on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.58.
About BlackBerry
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.