Legal & General Group Plc Takes $480.71 Million Position in BlackBerry Limited $BB

Legal & General Group Plc purchased a new position in BlackBerry Limited (NYSE:BB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 38,079,716 shares of the company’s stock, valued at approximately $480,710,000. Legal & General Group Plc owned approximately 0.06% of BlackBerry at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. V2 Financial group LLC raised its stake in shares of BlackBerry by 6.8% during the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after acquiring an additional 2,050 shares in the last quarter. CoreCap Advisors LLC purchased a new position in BlackBerry in the 2nd quarter worth $31,000. Elevation Wealth Partners LLC bought a new stake in BlackBerry in the second quarter worth $32,000. Raymond James Financial Inc. lifted its stake in BlackBerry by 2.1% in the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Invesco Ltd. boosted its position in BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after buying an additional 2,975 shares during the period. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on BB shares. TD Securities reiterated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. Canaccord Genuity Group increased their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research report on Friday, June 26th. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.92.

Insiders Place Their Bets

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the sale, the senior vice president owned 106,091 shares in the company, valued at approximately $1,158,513.72. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tim Foote sold 8,235 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $89,926.20. Following the sale, the chief financial officer directly owned 73,535 shares of the company’s stock, valued at $803,002.20. The trade was a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 355,858 shares of company stock valued at $4,012,270 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

BlackBerry Stock Up 1.9%

NYSE:BB opened at $7.79 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The firm’s 50-day moving average price is $9.44 and its 200-day moving average price is $6.67. The company has a market capitalization of $4.57 billion, a PE ratio of 86.59 and a beta of 2.25. BlackBerry Limited has a 1-year low of $3.12 and a 1-year high of $13.59.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, equities analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

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.