Charles Schwab Investment Management Inc. Has $1.51 Million Stock Position in Nokia Oyj (NYSE:NOK)

Charles Schwab Investment Management Inc. boosted its holdings in Nokia Oyj (NYSE:NOK) by 35.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 346,358 shares of the technology company’s stock after buying an additional 91,459 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nokia Oyj were worth $1,514,000 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 the stock. Cetera Advisors LLC lifted its stake in shares of Nokia Oyj by 38.4% in the first quarter. Cetera Advisors LLC now owns 30,581 shares of the technology company’s stock worth $108,000 after acquiring an additional 8,484 shares during the period. CWM LLC grew its stake in Nokia Oyj by 42.2% in the 2nd quarter. CWM LLC now owns 24,948 shares of the technology company’s stock valued at $94,000 after purchasing an additional 7,406 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Nokia Oyj during the second quarter valued at $42,000. Blue Trust Inc. raised its position in shares of Nokia Oyj by 49.0% in the second quarter. Blue Trust Inc. now owns 14,676 shares of the technology company’s stock valued at $52,000 after purchasing an additional 4,829 shares during the period. Finally, Capital Investment Counsel Inc grew its position in shares of Nokia Oyj by 14.0% in the second quarter. Capital Investment Counsel Inc now owns 29,777 shares of the technology company’s stock valued at $113,000 after purchasing an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NOK. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Friday. Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.42.

Nokia Oyj Stock Performance

NOK stock opened at $4.48 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12-month low of $3.20 and a 12-month high of $4.95. The stock has a market capitalization of $24.40 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 5.71 and a beta of 1.08. The stock’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $4.17.

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

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.