Quantbot Technologies LP Takes $2.12 Million Position in Nokia Oyj (NYSE:NOK)

Quantbot Technologies LP bought a new position in Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 477,713 shares of the technology company's stock, valued at approximately $2,116,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC raised its stake in shares of 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 during the period. Caprock Group LLC increased its stake in Nokia Oyj by 5.5% during the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company's stock valued at $252,000 after purchasing an additional 3,023 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Nokia Oyj by 49.6% in the third quarter. Advisors Asset Management Inc. now owns 287,364 shares of the technology company's stock valued at $1,256,000 after acquiring an additional 95,279 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $1,514,000 after buying an additional 91,459 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Nokia Oyj by 72.1% during the 3rd 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 during the period. Institutional investors and hedge funds own 5.28% of the company's stock.

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Analysts Set New Price Targets

NOK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price for the company. in a report on Thursday, January 16th. Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Stock Up 0.1 %

Nokia Oyj stock traded up $0.01 during midday trading on Tuesday, reaching $5.34. The stock had a trading volume of 7,792,807 shares, compared to its average volume of 16,999,859. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.48. The firm's fifty day simple moving average is $4.90 and its 200-day simple moving average is $4.59. The stock has a market capitalization of $29.09 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

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 analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. As a group, analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj 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.