13,022 Shares in Nokia Oyj (NYSE:NOK) Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC bought a new stake in Nokia Oyj (NYSE:NOK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,022 shares of the technology company’s stock, valued at approximately $48,000.

Other large investors have also recently modified their holdings of the company. Pzena Investment Management LLC raised its position in Nokia Oyj by 22.3% during the 4th quarter. Pzena Investment Management LLC now owns 52,313,442 shares of the technology company’s stock worth $178,912,000 after purchasing an additional 9,522,186 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Nokia Oyj by 5.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock worth $365,152,000 after purchasing an additional 5,087,927 shares during the last quarter. Walleye Capital LLC bought a new position in Nokia Oyj during the 3rd quarter worth $12,591,000. BNP Paribas Financial Markets raised its position in Nokia Oyj by 379.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock worth $5,109,000 after purchasing an additional 1,182,184 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Nokia Oyj by 89.6% during the 4th quarter. Russell Investments Group Ltd. now owns 882,030 shares of the technology company’s stock worth $3,017,000 after purchasing an additional 416,791 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $3.69 on Friday. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36. The stock’s 50 day moving average price is $3.74 and its 200-day moving average price is $3.57. The company has a market capitalization of $20.35 billion, a PE ratio of 23.03, a PEG ratio of 1.19 and a beta of 1.10. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. On average, equities analysts anticipate that Nokia Oyj will post 0.37 EPS for the current year.

Analysts Set New Price Targets

NOK has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Nokia Oyj currently has a consensus rating of “Hold” and a consensus target price of $4.42.

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.