Parametric Portfolio Associates LLC raised its stake in shares of Nokia Oyj (NYSE:NOK) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,149,756 shares of the technology company’s stock after purchasing an additional 439,324 shares during the quarter. Parametric Portfolio Associates LLC owned 0.05% of Nokia Oyj worth $18,836,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of NOK. Teachers Advisors LLC increased its stake in Nokia Oyj by 53.3% in the second quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock valued at $42,796,000 after acquiring an additional 2,414,440 shares during the period. TCW Group Inc. increased its stake in Nokia Oyj by 30.8% in the third quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company’s stock valued at $36,327,000 after acquiring an additional 1,429,672 shares during the period. Northern Trust Corp increased its stake in Nokia Oyj by 0.6% in the second quarter. Northern Trust Corp now owns 5,811,715 shares of the technology company’s stock valued at $35,801,000 after acquiring an additional 34,906 shares during the period. Tocqueville Asset Management L.P. increased its stake in Nokia Oyj by 17.2% in the third quarter. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company’s stock valued at $24,017,000 after acquiring an additional 589,445 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Nokia Oyj by 705.5% in the second quarter. Renaissance Technologies LLC now owns 3,328,880 shares of the technology company’s stock valued at $20,506,000 after acquiring an additional 2,915,600 shares during the period. Institutional investors own 5.83% of the company’s stock.
A number of analysts recently weighed in on NOK shares. Vetr cut shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $6.37 target price on the stock. in a research note on Monday, September 18th. UBS Group reissued a “buy” rating on shares of Nokia Oyj in a research note on Wednesday, September 20th. BNP Paribas cut shares of Nokia Oyj from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nokia Oyj in a research note on Friday, October 27th. Finally, Canaccord Genuity lowered their target price on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating on the stock in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.51.
Shares of Nokia Oyj (NYSE:NOK) opened at $4.82 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59. The firm has a market cap of $27,900.00, a PE ratio of -53.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. Nokia Oyj has a 52 week low of $4.50 and a 52 week high of $6.65.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Nokia Oyj had a negative net margin of 2.09% and a positive return on equity of 9.88%. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. sell-side analysts predict that Nokia Oyj will post 0.33 EPS for the current fiscal year.
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Nokia Oyj Profile
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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