Nokia Oyj (NYSE:NOK) Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its stake in shares of Nokia Oyj (NYSE:NOK) by 47.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,115 shares of the technology company’s stock after purchasing an additional 26,158 shares during the quarter. Signaturefd LLC’s holdings in Nokia Oyj were worth $277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Greenleaf Trust acquired a new position in Nokia Oyj during the 4th quarter worth $38,000. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Nokia Oyj by 2.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,774 shares of the technology company’s stock worth $535,000 after buying an additional 3,250 shares during the last quarter. DGS Capital Management LLC lifted its holdings in Nokia Oyj by 8.8% during the 4th quarter. DGS Capital Management LLC now owns 54,028 shares of the technology company’s stock worth $185,000 after buying an additional 4,362 shares during the last quarter. Cerity Partners LLC lifted its holdings in Nokia Oyj by 104.8% during the 4th quarter. Cerity Partners LLC now owns 37,582 shares of the technology company’s stock worth $129,000 after buying an additional 19,231 shares during the last quarter. Finally, Executive Wealth Management LLC lifted its holdings in Nokia Oyj by 146.3% during the 4th quarter. Executive Wealth Management LLC now owns 25,161 shares of the technology company’s stock worth $86,000 after buying an additional 14,946 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOK. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, BNP Paribas began coverage on Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj currently has an average rating of “Hold” and an average price target of $4.42.

Nokia Oyj Stock Up 0.3 %

Nokia Oyj stock opened at $3.65 on Friday. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The company has a market capitalization of $20.56 billion, a P/E ratio of 22.81, a PEG ratio of 1.14 and a beta of 1.09. The stock has a 50-day simple moving average of $3.55 and a 200-day simple moving average of $3.47.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. During the same quarter last year, the firm earned $0.16 EPS. Equities research analysts expect that Nokia Oyj will post 0.38 earnings per share for the current year.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.