Engineers Gate Manager LP Has $24.75 Million Position in Nokia Corporation $NOK

Engineers Gate Manager LP grew its stake in shares of Nokia Corporation (NYSE:NOK) by 19.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,864,080 shares of the technology company’s stock after acquiring an additional 300,807 shares during the period. Engineers Gate Manager LP’s holdings in Nokia were worth $24,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC boosted its position in Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after purchasing an additional 11,612,590 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nokia by 9.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock valued at $306,167,000 after buying an additional 3,896,363 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Nokia by 166.4% in the 1st quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock valued at $163,921,000 after buying an additional 12,734,021 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Nokia by 171.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after buying an additional 11,035,002 shares in the last quarter. Finally, Analog Century Management LP acquired a new position in Nokia in the fourth quarter worth approximately $104,244,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Google’s planned €13 billion investment in Finnish artificial-intelligence infrastructure is a potential tailwind for Nokia because it could increase demand for high-capacity networks, cloud connectivity and AI-related telecom systems in Finland. Nokia welcomed the commitment, though the announcement does not identify a direct contract or revenue benefit for the company. Nokia welcomes Google’s €13 billion commitment to Finnish AI
• Positive Sentiment: Nokia and SoftBank demonstrated a passive optical networking system designed to support multiple optical technologies, highlighting potential opportunities in broadband capacity and network flexibility. A demonstration is not the same as a commercial order, but it reinforces Nokia’s position in next-generation network infrastructure. Softbank, Nokia demo passive optical network
• Positive Sentiment: Nokia launched a global Mobile Core Early Access program that lets telecom operators test new mobile-core capabilities and AI-era use cases in a hosted environment. The initiative could help accelerate customer adoption of Nokia software and create longer-term opportunities in network automation and monetization. Nokia launches industry-first initiative to help operators accelerate network innovation
• Positive Sentiment: Nokia opened an R&D center in Riyadh focused on AI-powered network automation, supporting Saudi Arabia’s Vision 2030. The facility may strengthen Nokia’s regional relationships and exposure to telecom modernization spending. Nokia opens Riyadh R&D centre
• Positive Sentiment: Technical analysis says NOK broke out of a falling channel, established a higher swing low and reclaimed key moving averages. The forecast identifies possible upside targets of $12.30 to $13.98, supporting near-term bullish momentum, but it is not a fundamental earnings forecast. Nokia Price Forecast: Breakout Signals Second Leg Higher
• Neutral Sentiment: Nokia transferred 687,145 company-held shares to participants in its equity-incentive plans. The transaction is routine and has limited immediate earnings significance, though it modestly increases shares in employee hands. Changes in Nokia Corporation’s own shares
• Negative Sentiment: Reports that Nokia is planning sweeping Bell Labs job cuts have raised concerns about reduced research capacity and the potential impact on long-term innovation, particularly as the company promotes AI and advanced networking. Nokia plans sweeping Bell Labs cuts
• Negative Sentiment: Commentary questioning whether Nokia’s earlier rally was supported by business fundamentals highlights valuation and execution risk. The stock remains well below its summer peak, and uncertainty surrounding the China retreat could limit confidence in the recovery. Beyond the China Retreat: Whether Nokia’s Surge Was Built on Substance

Analysts Set New Price Targets

A number of analysts have issued reports on NOK shares. Northland Securities set a $20.00 target price on shares of Nokia in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research note on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Danske raised shares of Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Nokia Price Performance

Shares of Nokia stock opened at $10.76 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $11.01. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 76.84, a PEG ratio of 1.26 and a beta of 1.21. Nokia Corporation has a 1-year low of $4.48 and a 1-year high of $17.45.

Nokia (NYSE:NOK) last posted its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. Nokia’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. On average, sell-side analysts expect that Nokia Corporation will post 0.39 earnings per share for the current year.

About Nokia

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company’s business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.