Nokia Oyj (NYSE:NOK) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its stake in Nokia Oyj (NYSE:NOK) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,812,448 shares of the technology company’s stock after purchasing an additional 173,438 shares during the period. Aperio Group LLC’s holdings in Nokia Oyj were worth $10,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOK. United Capital Financial Advisers LLC bought a new position in shares of Nokia Oyj during the 1st quarter worth about $107,000. OLD National Bancorp IN purchased a new stake in shares of Nokia Oyj during the 2nd quarter worth approximately $129,000. Cetera Advisor Networks LLC increased its stake in shares of Nokia Oyj by 77.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock worth $141,000 after purchasing an additional 11,443 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Nokia Oyj by 75.7% during the 1st quarter. Suntrust Banks Inc. now owns 31,580 shares of the technology company’s stock worth $171,000 after purchasing an additional 13,606 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Nokia Oyj by 86.0% during the 1st quarter. Sei Investments Co. now owns 35,904 shares of the technology company’s stock worth $197,000 after purchasing an additional 16,602 shares during the last quarter. Institutional investors and hedge funds own 6.83% of the company’s stock.

Nokia Oyj stock traded down $0.07 during midday trading on Friday, reaching $5.55. 5,493,700 shares of the company traded hands, compared to its average volume of 15,364,010. The company has a market cap of $32.27 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.98 and a beta of 1.13. Nokia Oyj has a 12 month low of $4.51 and a 12 month high of $6.41. The company has a quick ratio of 1.14, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, July 26th. The technology company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. sell-side analysts expect that Nokia Oyj will post 0.26 EPS for the current fiscal year.

A number of research firms recently weighed in on NOK. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. ValuEngine lowered shares of Nokia Oyj from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Nordea Equity Research raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price target on shares of Nokia Oyj in a research note on Thursday, July 26th. Finally, Exane BNP Paribas upgraded shares of Nokia Oyj from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.61.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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