Arrowstreet Capital Limited Partnership Raises Stock Position in Nokia Oyj (NYSE:NOK)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Nokia Oyj (NYSE:NOK - Free Report) by 179.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,058,227 shares of the technology company's stock after buying an additional 18,660,482 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.53% of Nokia Oyj worth $128,728,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its holdings in Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock worth $91,000 after acquiring an additional 2,509 shares during the last quarter. PDS Planning Inc grew its position in Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock worth $125,000 after purchasing an additional 2,665 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Nokia Oyj by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company's stock valued at $293,000 after buying an additional 2,722 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Nokia Oyj by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock worth $420,000 after buying an additional 3,398 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Nokia Oyj by 5.1% in the 3rd quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company's stock worth $309,000 after buying an additional 3,453 shares during the last quarter. Institutional investors own 5.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com cut Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. The Goldman Sachs Group downgraded shares of 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. JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a report on Friday, February 21st. Finally, Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.85.

Nokia Oyj Stock Performance

NOK traded down $0.22 during trading hours on Friday, hitting $4.77. The stock had a trading volume of 26,027,052 shares, compared to its average volume of 17,341,328. The stock has a market cap of $25.98 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $5.02 and its 200 day simple moving average is $4.65. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current 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.