Allspring Global Investments Holdings LLC Acquires 10,117 Shares of Nokia Oyj (NYSE:NOK)

Allspring Global Investments Holdings LLC raised its stake in shares of Nokia Oyj (NYSE:NOK) by 29.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,033 shares of the technology company’s stock after buying an additional 10,117 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Nokia Oyj were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after purchasing an additional 3,427 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Nokia Oyj during the 2nd quarter worth approximately $39,000. ORG Partners LLC bought a new position in Nokia Oyj in the first quarter worth $40,000. Occidental Asset Management LLC bought a new stake in Nokia Oyj during the second quarter worth about $40,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Nokia Oyj in the second quarter worth $40,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.4 %

NYSE:NOK opened at $4.73 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.95. The company has a market capitalization of $26.01 billion, a P/E ratio of 59.13, a PEG ratio of 6.13 and a beta of 1.12. The firm has a fifty day simple moving average of $4.42 and a 200-day simple moving average of $4.03.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NOK. JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a report on Monday, October 21st. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.56.

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.