13,685 Shares in Nokia Oyj (NYSE:NOK) Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. purchased a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 13,685 shares of the technology company’s stock, valued at approximately $61,000.

A number of other large investors also recently made changes to their positions in the business. Pzena Investment Management LLC grew its position in shares of Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares during the period. FMR LLC boosted its stake in 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 buying an additional 27,755,460 shares during the last quarter. American Century Companies Inc. grew its holdings in Nokia Oyj by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock valued at $3,787,000 after buying an additional 96,144 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Nokia Oyj by 2,505.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after acquiring an additional 702,279 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Nokia Oyj during the 2nd quarter worth about $2,501,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.51 on Tuesday. The firm has a market capitalization of $24.56 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 5.59 and a beta of 1.06. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The stock’s 50 day moving average price is $4.40 and its 200 day moving average price is $4.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72.

Wall Street Analysts Forecast Growth

NOK has been the subject of several research analyst reports. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a report on Thursday, January 16th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Northland Securities restated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. Finally, Craig Hallum boosted their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, Nokia Oyj currently has an average rating of “Moderate Buy” and a consensus target price of $5.86.

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.