Advisors Asset Management Inc. Purchases 95,279 Shares of Nokia Oyj (NYSE:NOK)

Advisors Asset Management Inc. grew its holdings in Nokia Oyj (NYSE:NOK) by 49.6% in the third quarter, HoldingsChannel reports. The fund owned 287,364 shares of the technology company’s stock after buying an additional 95,279 shares during the period. Advisors Asset Management Inc.’s holdings in Nokia Oyj were worth $1,256,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NOK. West Family Investments Inc. acquired a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $115,000. Caprock Group LLC grew its position in Nokia Oyj by 5.5% during the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after buying an additional 3,023 shares in the last quarter. Natixis Advisors LLC raised its holdings in 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 in the last quarter. MQS Management LLC lifted its position in shares of Nokia Oyj by 66.6% during the 3rd quarter. MQS Management LLC now owns 40,842 shares of the technology company’s stock valued at $178,000 after acquiring an additional 16,334 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Nokia Oyj by 3.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 374,112 shares of the technology company’s stock worth $1,635,000 after purchasing an additional 13,701 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Trading Up 0.6 %

NYSE NOK opened at $4.21 on Tuesday. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.95. The business’s fifty day moving average is $4.47 and its 200 day moving average is $4.12. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 5.41 and a beta of 1.12.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share 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 analysts’ expectations of $5.10 billion. As a group, sell-side analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Craig Hallum upgraded shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.56.

About Nokia Oyj

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.