Nokia Oyj (NYSE:NOK) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,428 shares of the technology company’s stock after purchasing an additional 6,395 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nokia Oyj were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pzena Investment Management LLC raised its holdings in Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after acquiring an additional 8,261,407 shares during the last quarter. FMR LLC grew its position in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares during the period. JPMorgan Chase & Co. increased its stake in Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after purchasing an additional 702,279 shares during the last quarter. QRG Capital Management Inc. lifted its position in Nokia Oyj by 92.8% during the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after buying an additional 255,893 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Nokia Oyj by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock worth $1,935,000 after buying an additional 5,190 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $5.00 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.06. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 6.43 and a beta of 1.06. The business has a 50-day moving average of $4.64 and a 200-day moving average of $4.46.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

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

Nokia Oyj Company 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.