115,186 Shares in Nokia Oyj (NYSE:NOK) Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in shares of Nokia Oyj (NYSE:NOK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 115,186 shares of the technology company's stock, valued at approximately $510,000.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its position in Nokia Oyj by 29.9% in the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company's stock worth $3,060,000 after purchasing an additional 158,935 shares during the last quarter. FMR LLC raised its position in 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. XTX Topco Ltd bought a new position in shares of Nokia Oyj during the 3rd quarter valued at approximately $1,417,000. Allspring Global Investments Holdings LLC increased its stake in shares of Nokia Oyj by 14.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company's stock worth $226,000 after purchasing an additional 6,395 shares during the last quarter. Finally, Talos Asset Management LP bought a new stake in shares of Nokia Oyj in the 4th quarter worth approximately $9,147,000. Institutional investors own 5.28% of the company's stock.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock traded up $0.01 during trading on Tuesday, hitting $5.34. The stock had a trading volume of 9,778,955 shares, compared to its average volume of 17,031,932. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The business's 50-day moving average is $4.90 and its 200 day moving average is $4.59. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

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Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share 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%. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

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

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.