Nokia Oyj (NYSE:NOK) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in Nokia Oyj (NYSE:NOK) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,977 shares of the technology company’s stock after purchasing an additional 34,281 shares during the period. Natixis Advisors LLC’s holdings in Nokia Oyj were worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Foundations Investment Advisors LLC purchased a new stake in Nokia Oyj in the 4th quarter worth about $45,000. D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $46,000. PEAK6 Investments LLC purchased a new stake in shares of Nokia Oyj in the third quarter worth approximately $45,000. Wedmont Private Capital acquired a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. purchased a new position in Nokia Oyj during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.2 %

Nokia Oyj stock opened at $5.34 on Wednesday. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48. The company’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $4.60. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 6.43 and a beta of 1.11. 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 (NYSE:NOK) last issued 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 return on equity of 10.30% and a net margin of 6.54%. On average, analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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