Nokia Oyj (NYSE:NOK) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in shares of Nokia Oyj (NYSE:NOK) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,778 shares of the technology company’s stock after acquiring an additional 3,453 shares during the period. Captrust Financial Advisors’ holdings in Nokia Oyj were worth $309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp grew its stake in Nokia Oyj by 15.7% during the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nokia Oyj by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after buying an additional 2,776 shares during the last quarter. Caprock Group LLC grew its position in shares of Nokia Oyj by 5.5% during the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after buying an additional 3,023 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Nokia Oyj by 30.8% in the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock worth $59,000 after buying an additional 3,199 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in Nokia Oyj by 3.0% in the second quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after acquiring an additional 3,349 shares in the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Price Performance

Shares of NOK opened at $4.48 on Friday. Nokia Oyj has a 12 month low of $3.20 and a 12 month high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The stock has a fifty day moving average price of $4.46 and a 200 day moving average price of $4.16. The company has a market cap of $24.43 billion, a P/E ratio of 56.00, a PEG ratio of 5.71 and a beta of 1.08.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $4.75 billion for 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%. On average, research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NOK. Northland Securities reissued an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $4.35 to $6.35 in a research note on Monday, December 9th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Nokia Oyj currently has a consensus rating of “Moderate Buy” and an average target price of $5.42.

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.