Vise Technologies Inc. Purchases Shares of 69,134 Nokia Corporation $NOK

Vise Technologies Inc. bought a new position in shares of Nokia Corporation (NYSE:NOK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 69,134 shares of the technology company’s stock, valued at approximately $358,000.

A number of other large investors have also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Nokia by 39.4% in the second quarter. Allworth Financial LP now owns 22,735 shares of the technology company’s stock valued at $118,000 after buying an additional 6,427 shares during the last quarter. ProShare Advisors LLC increased its position in Nokia by 79.5% in the 2nd quarter. ProShare Advisors LLC now owns 19,463 shares of the technology company’s stock valued at $101,000 after acquiring an additional 8,620 shares during the period. Profund Advisors LLC raised its stake in Nokia by 3.6% during the 2nd quarter. Profund Advisors LLC now owns 109,407 shares of the technology company’s stock valued at $567,000 after acquiring an additional 3,782 shares during the last quarter. Midwest Trust Co acquired a new stake in Nokia during the 2nd quarter worth approximately $77,000. Finally, Penserra Capital Management LLC grew its stake in shares of Nokia by 51.7% in the 2nd quarter. Penserra Capital Management LLC now owns 5,623,955 shares of the technology company’s stock valued at $29,132,000 after purchasing an additional 1,916,098 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOK has been the subject of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Nokia in a report on Thursday, October 23rd. Santander downgraded shares of Nokia to a “neutral” rating in a research report on Wednesday, October 29th. Northland Securities set a $7.50 target price on shares of Nokia in a report on Friday, October 24th. Jefferies Financial Group raised shares of Nokia from a “hold” rating to a “buy” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nokia currently has a consensus rating of “Moderate Buy” and an average target price of $5.87.

Nokia Trading Down 0.8%

Shares of Nokia stock opened at $6.73 on Monday. The company has a 50-day moving average of $5.63 and a two-hundred day moving average of $5.11. Nokia Corporation has a 12-month low of $3.91 and a 12-month high of $8.19. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $36.19 billion, a PE ratio of 37.36 and a beta of 0.84.

Nokia (NYSE:NOK) last released its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, research analysts anticipate that Nokia Corporation will post 0.34 EPS for the current fiscal year.

Nokia Company Profile

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.