Natixis Advisors LLC Purchases 78,391 Shares of Nokia Oyj (NYSE:NOK)

Natixis Advisors LLC grew its position in shares of Nokia Oyj (NYSE:NOK) by 60.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,696 shares of the technology company’s stock after acquiring an additional 78,391 shares during the period. Natixis Advisors LLC’s holdings in Nokia Oyj were worth $912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOK. Maverick Capital Ltd. purchased a new position in shares of Nokia Oyj during the second quarter valued at about $1,240,000. QRG Capital Management Inc. increased its position in shares of Nokia Oyj by 92.8% during the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after buying an additional 255,893 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Nokia Oyj during the third quarter valued at about $821,000. Sanctuary Advisors LLC purchased a new position in shares of Nokia Oyj during the second quarter valued at about $206,000. Finally, Sequoia Financial Advisors LLC grew its holdings in Nokia Oyj by 8.6% in the second quarter. Sequoia Financial Advisors LLC now owns 263,445 shares of the technology company’s stock worth $996,000 after purchasing an additional 20,787 shares during the period. 5.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOK has been the topic of a number of recent research reports. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum upgraded shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective 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. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 26th. Finally, 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. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.56.

Nokia Oyj Stock Performance

NYSE:NOK opened at $4.19 on Thursday. The company’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.12. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. 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 stock has a market cap of $22.82 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 5.45 and a beta of 1.12.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. On average, equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.