Atria Investments Inc Sells 12,960 Shares of Nokia Oyj (NYSE:NOK)

Atria Investments Inc cut its holdings in shares of Nokia Oyj (NYSE:NOK) by 30.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,309 shares of the technology company’s stock after selling 12,960 shares during the period. Atria Investments Inc’s holdings in Nokia Oyj were worth $128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Maverick Capital Ltd. purchased a new position in Nokia Oyj during the second quarter worth about $1,240,000. CreativeOne Wealth LLC boosted its stake in Nokia Oyj by 62.3% in the first quarter. CreativeOne Wealth LLC now owns 17,628 shares of the technology company’s stock valued at $63,000 after acquiring an additional 6,768 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 255,893 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Nokia Oyj in the second quarter valued at about $206,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Nokia Oyj by 8.6% in the second quarter. Sequoia Financial Advisors LLC now owns 263,445 shares of the technology company’s stock valued at $996,000 after purchasing an additional 20,787 shares during the period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Up 1.2 %

Shares of NOK opened at $4.18 on Monday. The stock has a market capitalization of $22.79 billion, a P/E ratio of 52.25, a PEG ratio of 5.35 and a beta of 1.12. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $4.47 and a two-hundred day simple moving average of $4.12. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.95.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. On average, research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on NOK shares. Northland Securities reissued an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 26th. JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nokia Oyj has an average rating of “Hold” and an average price target of $4.56.

About Nokia Oyj

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.