Artisan Partners Limited Partnership Sells 133,240 Shares of Nokia Oyj (NYSE:NOK)

Artisan Partners Limited Partnership cut its stake in shares of Nokia Oyj (NYSE:NOK - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,937,301 shares of the technology company's stock after selling 133,240 shares during the quarter. Artisan Partners Limited Partnership owned about 1.92% of Nokia Oyj worth $464,872,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Natixis Advisors LLC lifted its position in Nokia Oyj by 60.2% in the 3rd quarter. Natixis Advisors LLC now owns 208,696 shares of the technology company's stock valued at $912,000 after acquiring an additional 78,391 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Nokia Oyj by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 346,358 shares of the technology company's stock worth $1,514,000 after purchasing an additional 91,459 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Nokia Oyj by 72.1% during the third quarter. Cerity Partners LLC now owns 126,144 shares of the technology company's stock valued at $551,000 after purchasing an additional 52,855 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Nokia Oyj during the third quarter valued at $62,000. Finally, FMR LLC increased its holdings in Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock worth $133,273,000 after buying an additional 27,755,460 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Nokia Oyj Stock Performance

NYSE NOK traded up $0.02 on Monday, hitting $5.23. 9,097,882 shares of the company traded hands, compared to its average volume of 20,828,379. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The business's 50 day moving average price is $4.96 and its 200-day moving average price is $4.62. The company has a market capitalization of $28.49 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating 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 expect 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.