Crossmark Global Holdings Inc. Has $1.64 Million Stock Holdings in Nokia Oyj (NYSE:NOK)

Crossmark Global Holdings Inc. grew its holdings in shares of Nokia Oyj (NYSE:NOK) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,112 shares of the technology company’s stock after buying an additional 13,701 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Nokia Oyj were worth $1,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Maverick Capital Ltd. purchased a new stake in Nokia Oyj in the 2nd quarter valued at $1,240,000. Russell Investments Group Ltd. raised its holdings in shares of Nokia Oyj by 98.3% in the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 867,297 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Nokia Oyj by 62.3% in the first quarter. CreativeOne Wealth LLC now owns 17,628 shares of the technology company’s stock valued at $63,000 after purchasing an additional 6,768 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Nokia Oyj by 92.8% during the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 255,893 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Nokia Oyj in the 3rd quarter worth about $821,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Down 1.0 %

Shares of Nokia Oyj stock opened at $4.46 on Thursday. The stock has a market capitalization of $24.29 billion, a P/E ratio of 55.69, a P/E/G ratio of 5.83 and a beta of 1.12. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The stock’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.08.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data 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 net margin of 2.18% and a return on equity of 8.32%. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $5.10 billion. As a group, research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

NOK has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research report on Monday, October 21st. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 26th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Northland Securities restated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and a consensus 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.