First Trust Advisors LP lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 83.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,592 shares of the technology company’s stock after buying an additional 60,727 shares during the period. First Trust Advisors LP’s holdings in Nokia Oyj were worth $768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NOK. Wells Fargo & Company MN increased its holdings in Nokia Oyj by 3.5% in the first quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock valued at $1,609,000 after buying an additional 9,947 shares in the last quarter. Stifel Financial Corp increased its holdings in Nokia Oyj by 8.9% in the first quarter. Stifel Financial Corp now owns 130,910 shares of the technology company’s stock valued at $708,000 after buying an additional 10,753 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Nokia Oyj by 14.5% in the first quarter. Guggenheim Capital LLC now owns 86,972 shares of the technology company’s stock valued at $476,000 after buying an additional 10,991 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in Nokia Oyj by 77.4% in the first quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock valued at $141,000 after buying an additional 11,443 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in Nokia Oyj by 2.2% in the second quarter. AMG National Trust Bank now owns 530,620 shares of the technology company’s stock valued at $3,051,000 after buying an additional 11,516 shares in the last quarter. Institutional investors and hedge funds own 6.83% of the company’s stock.

Shares of NOK traded up $0.10 during mid-day trading on Friday, reaching $5.25. The company had a trading volume of 13,415,076 shares, compared to its average volume of 14,886,898. The firm has a market cap of $31.42 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.90 and a beta of 0.86. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.41. The company has a quick ratio of 1.14, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 26th. The technology company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.18 billion. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. Nokia Oyj’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. As a group, equities research analysts anticipate that Nokia Oyj will post 0.26 earnings per share for the current year.

A number of research analysts have recently weighed in on NOK shares. Credit Suisse Group raised shares of Nokia Oyj from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $5.56 to $7.00 in a research note on Wednesday, September 19th. Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nokia Oyj in a research note on Monday, September 17th. Nordea Equity Research raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Finally, ValuEngine cut shares of Nokia Oyj from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Nokia Oyj has a consensus rating of “Hold” and an average target price of $5.86.

Nokia Oyj Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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