Dimensional Fund Advisors LP lowered its stake in shares of Nokia Oyj (NYSE:NOK – Free Report) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,318,181 shares of the technology company’s stock after selling 529,734 shares during the quarter. Dimensional Fund Advisors LP owned about 0.15% of Nokia Oyj worth $31,442,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NOK. Banque Cantonale Vaudoise boosted its position in shares of Nokia Oyj by 48.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after acquiring an additional 3,000 shares in the last quarter. Peapack Gladstone Financial Corp bought a new stake in Nokia Oyj during the fourth quarter worth $35,000. Checchi Capital Advisers LLC acquired a new stake in Nokia Oyj in the first quarter valued at about $35,000. Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj in the first quarter valued at about $35,000. Finally, Perigon Wealth Management LLC bought a new position in Nokia Oyj in the first quarter valued at about $38,000. Institutional investors own 5.28% of the company’s stock.
Nokia Oyj Price Performance
NOK stock opened at $4.36 on Wednesday. The company has a market capitalization of $24.05 billion, a P/E ratio of 27.22, a PEG ratio of 5.27 and a beta of 1.12. The company has a fifty day moving average price of $4.12 and a 200-day moving average price of $3.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.52.
Analyst Upgrades and Downgrades
NOK has been the topic of several research reports. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Northland Securities reiterated an “outperform” rating and issued a $6.50 price target (up from $6.00) on shares of Nokia Oyj in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nokia Oyj presently has an average rating of “Hold” and an average price target of $4.54.
Check Out Our Latest Analysis on NOK
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.
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