Nokia Oyj (NYSE:NOK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Nokia Oyj (NYSE:NOK) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,593,074 shares of the technology company’s stock after selling 5,746 shares during the period. Bank of New York Mellon Corp’s holdings in Nokia Oyj were worth $11,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NOK. Crossmark Global Holdings Inc. boosted its position in shares of Nokia Oyj by 3.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 374,112 shares of the technology company’s stock worth $1,635,000 after buying an additional 13,701 shares in the last quarter. MQS Management LLC raised its position in Nokia Oyj by 66.6% during the third quarter. MQS Management LLC now owns 40,842 shares of the technology company’s stock worth $178,000 after acquiring an additional 16,334 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Nokia Oyj by 60.2% in the third quarter. Natixis Advisors LLC now owns 208,696 shares of the technology company’s stock valued at $912,000 after purchasing an additional 78,391 shares in the last quarter. Caprock Group LLC grew its position in shares of Nokia Oyj by 5.5% in the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock valued at $252,000 after purchasing an additional 3,023 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $115,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Price Performance

Shares of NOK stock opened at $5.21 on Friday. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.28. The company has a market capitalization of $28.38 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $4.79 and a 200-day simple moving average of $4.54.

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

Analyst Ratings Changes

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