IHT Wealth Management LLC Has $786,000 Stock Holdings in Nokia Oyj (NYSE:NOK)

IHT Wealth Management LLC boosted its stake in shares of Nokia Oyj (NYSE:NOK - Free Report) by 1,101.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,848 shares of the technology company's stock after purchasing an additional 164,883 shares during the period. IHT Wealth Management LLC's holdings in Nokia Oyj were worth $786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in Nokia Oyj by 5.1% in the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company's stock valued at $309,000 after purchasing an additional 3,453 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj during the 3rd quarter valued at about $45,000. Glenmede Trust Co. NA grew its stake in shares of Nokia Oyj by 22.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 55,043 shares of the technology company's stock valued at $241,000 after buying an additional 10,179 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in Nokia Oyj by 188.7% in the third quarter. Freedom Investment Management Inc. now owns 201,308 shares of the technology company's stock worth $880,000 after buying an additional 131,573 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in Nokia Oyj during the third quarter valued at approximately $84,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock traded down $0.07 during trading on Friday, reaching $4.24. The company's stock had a trading volume of 10,751,035 shares, compared to its average volume of 17,575,868. The business's fifty day moving average price is $4.46 and its 200-day moving average price is $4.14. Nokia Oyj has a one year low of $3.02 and a one year high of $4.95. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 5.40 and a beta of 1.08. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. As a group, equities research analysts predict that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NOK has been the subject of several recent research reports. StockNews.com downgraded shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 26th. Craig Hallum upgraded shares of Nokia Oyj from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Northland Securities restated an "outperform" rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on Nokia Oyj from $4.36 to $4.35 and set a "neutral" rating for the company in a research report on Monday, October 21st. Finally, Danske raised Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.56.

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.