Nokia Oyj (NYSE:NOK) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its holdings in Nokia Oyj (NYSE:NOK) by 190.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,900 shares of the technology company’s stock after purchasing an additional 29,448 shares during the period. Aaron Wealth Advisors LLC’s holdings in Nokia Oyj were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its position in Nokia Oyj by 22.3% during the second quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock valued at $311,943,000 after buying an additional 15,035,360 shares in the last quarter. Sei Investments Co. grew its stake in shares of Nokia Oyj by 1.5% in the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock worth $9,467,000 after purchasing an additional 40,264 shares in the last quarter. TSP Capital Management Group LLC boosted its stake in Nokia Oyj by 89.2% during the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock valued at $7,715,000 after purchasing an additional 1,027,600 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after purchasing an additional 867,297 shares during the last quarter. Finally, Susquehanna International Securities Ltd. raised its position in shares of Nokia Oyj by 13.9% during the first quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock worth $5,795,000 after purchasing an additional 199,590 shares during the period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NOK shares. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Friday. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday. Craig Hallum upgraded shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Northland Securities reissued an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Nokia Oyj has a consensus rating of “Hold” and an average target price of $4.54.

Nokia Oyj Stock Up 9.4 %

Shares of Nokia Oyj stock opened at $4.75 on Monday. Nokia Oyj has a one year low of $2.94 and a one year high of $4.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 5.47 and a beta of 1.12. The stock’s 50-day moving average is $4.28 and its 200 day moving average is $3.94.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. Equities research analysts anticipate that Nokia Oyj will post 0.36 EPS for the current 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.