Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 116,751 Nokia Oyj (NYSE:NOK)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 116,751 shares of the technology company's stock, valued at approximately $517,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock worth $133,273,000 after acquiring an additional 27,755,460 shares during the period. TSP Capital Management Group LLC boosted its stake in Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company's stock worth $10,069,000 after purchasing an additional 70,100 shares during the period. Waterfront Wealth Inc. grew its holdings in Nokia Oyj by 1.6% during the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company's stock valued at $3,442,000 after buying an additional 12,034 shares in the last quarter. Leuthold Group LLC bought a new stake in shares of Nokia Oyj during the fourth quarter valued at about $3,404,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company's stock worth $3,191,000 after buying an additional 702,279 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on NOK. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Craig Hallum upped their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Nokia Oyj presently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

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Nokia Oyj Price Performance

NOK traded up $0.02 during trading on Tuesday, reaching $5.35. The stock had a trading volume of 1,960,784 shares, compared to its average volume of 16,999,859. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The business has a 50-day moving average of $4.90 and a 200-day moving average of $4.59. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48. The stock has a market cap of $29.14 billion, a PE ratio of 21.38, a PEG ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced 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%. As a group, equities research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

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.