Nokia Oyj (NYSE:NOK) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its stake in Nokia Oyj (NYSE:NOK) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,924 shares of the technology company’s stock after buying an additional 3,129 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Nokia Oyj were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Nokia Oyj by 2.1% in 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 purchasing an additional 3,250 shares in the last quarter. Insigneo Advisory Services LLC grew its position in Nokia Oyj by 5.2% during the third quarter. Insigneo Advisory Services LLC now owns 73,209 shares of the technology company’s stock valued at $274,000 after buying an additional 3,636 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Nokia Oyj by 22.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock valued at $76,000 after buying an additional 3,767 shares in the last quarter. Gallacher Capital Management LLC raised its position in shares of Nokia Oyj by 6.7% in the third quarter. Gallacher Capital Management LLC now owns 68,152 shares of the technology company’s stock worth $255,000 after acquiring an additional 4,257 shares during the period. Finally, DGS Capital Management LLC boosted its stake in shares of 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 acquiring an additional 4,362 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.4 %

Shares of NOK stock opened at $3.74 on Wednesday. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36. The firm has a market capitalization of $21.04 billion, a P/E ratio of 23.34, a PEG ratio of 1.18 and a beta of 1.07. The stock’s fifty day moving average is $3.57 and its two-hundred day moving average is $3.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64.

Analyst Upgrades and Downgrades

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

Nokia Oyj 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.