Neuberger Berman Group LLC Boosts Stock Position in Nokia Oyj (NYSE:NOK)

Neuberger Berman Group LLC raised its stake in shares of Nokia Oyj (NYSE:NOK) by 19.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,518 shares of the technology company’s stock after buying an additional 4,072 shares during the quarter. Neuberger Berman Group LLC’s holdings in Nokia Oyj were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOK. Foundations Investment Advisors LLC purchased a new position in Nokia Oyj during the fourth quarter worth about $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the 4th quarter worth approximately $46,000. Wedmont Private Capital bought a new position in shares of Nokia Oyj in the 4th quarter worth $47,000. Wealthstream Advisors Inc. purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nokia Oyj during the 4th quarter worth $58,000. 5.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NOK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Up 2.9 %

NYSE NOK opened at $4.96 on Friday. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $4.68. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.48. The firm has a market cap of $27.03 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, sell-side analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.

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.