Natixis Advisors LLC Buys 78,391 Shares of Nokia Oyj (NYSE:NOK)

Natixis Advisors LLC boosted its stake in shares of Nokia Oyj (NYSE:NOK) by 60.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,696 shares of the technology company’s stock after purchasing an additional 78,391 shares during the period. Natixis Advisors LLC’s holdings in Nokia Oyj were worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after acquiring an additional 3,427 shares during the period. Simplicity Wealth LLC bought a new position in Nokia Oyj in the second quarter worth approximately $39,000. Occidental Asset Management LLC bought a new position in Nokia Oyj in the second quarter worth approximately $40,000. Arkadios Wealth Advisors bought a new position in Nokia Oyj in the second quarter worth approximately $40,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Nokia Oyj in the second quarter worth approximately $42,000. Institutional investors own 5.28% of the company’s stock.

Analysts Set New Price Targets

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

Nokia Oyj Stock Performance

NOK opened at $4.19 on Thursday. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 5.45 and a beta of 1.12. The company has a fifty day moving average of $4.47 and a 200 day moving average of $4.12. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. As a group, sell-side analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.