Signaturefd LLC Increases Holdings in Nokia Oyj (NYSE:NOK)

Signaturefd LLC raised its stake in shares of Nokia Oyj (NYSE:NOK) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,344 shares of the technology company’s stock after buying an additional 6,781 shares during the period. Signaturefd LLC’s holdings in Nokia Oyj were worth $529,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in Nokia Oyj by 29.9% during the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after buying an additional 158,935 shares during the last quarter. FMR LLC increased its stake in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Nokia Oyj in the 3rd quarter worth $1,417,000. Allspring Global Investments Holdings LLC increased its stake in shares of Nokia Oyj by 14.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Nokia Oyj by 261.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock worth $457,000 after purchasing an additional 74,552 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NOK. Craig Hallum upped their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a report on Thursday, January 16th. Finally, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Trading Down 0.5 %

NOK stock opened at $5.34 on Friday. The company has a market capitalization of $29.09 billion, a PE ratio of 21.34, a P/E/G ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The firm’s 50-day moving average is $4.87 and its 200 day moving average is $4.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, research analysts anticipate that Nokia Oyj will post 0.34 EPS 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.