Advisors Asset Management Inc. Has $1.26 Million Holdings in Nokia Oyj (NYSE:NOK)

Advisors Asset Management Inc. grew its holdings in Nokia Oyj (NYSE:NOK) by 49.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,364 shares of the technology company’s stock after acquiring an additional 95,279 shares during the quarter. Advisors Asset Management Inc.’s holdings in Nokia Oyj were worth $1,256,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Maverick Capital Ltd. bought a new position in Nokia Oyj in the second quarter valued at approximately $1,240,000. CreativeOne Wealth LLC lifted its position in Nokia Oyj by 62.3% in the 1st quarter. CreativeOne Wealth LLC now owns 17,628 shares of the technology company’s stock valued at $63,000 after acquiring an additional 6,768 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Nokia Oyj by 92.8% during the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 255,893 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Nokia Oyj in the 3rd quarter valued at about $821,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Nokia Oyj in the second quarter valued at about $206,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

NOK has been the subject of a number of research reports. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 26th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities reissued an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.56.

Nokia Oyj Stock Up 0.6 %

NOK opened at $4.21 on Tuesday. The stock’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $4.12. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.95. The stock has a market cap of $22.93 billion, a PE ratio of 52.56, a price-to-earnings-growth ratio of 5.41 and a beta of 1.12. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. As a group, research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj 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.