116,751 Shares in Nokia Oyj (NYSE:NOK) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 116,751 shares of the technology company’s stock, valued at approximately $517,000.

Several other large investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its stake in Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock valued at $91,000 after purchasing an additional 2,509 shares during the last quarter. Caprock Group LLC increased its position in shares of Nokia Oyj by 5.5% during the 3rd quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after purchasing an additional 3,023 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Nokia Oyj by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock worth $420,000 after acquiring an additional 3,398 shares during the last quarter. Captrust Financial Advisors grew its holdings in Nokia Oyj by 5.1% during the 3rd quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock worth $309,000 after acquiring an additional 3,453 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Nokia Oyj by 7.0% during the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company’s stock worth $259,000 after acquiring an additional 3,808 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.33 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market capitalization of $29.03 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The company’s 50 day moving average price is $4.88 and its two-hundred day moving average price is $4.59. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (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, analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NOK has been the topic of a number of research analyst reports. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a research note on Thursday, January 16th. Finally, Craig Hallum lifted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.85.

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.