Charles Schwab Investment Management Inc. Boosts Stock Position in Nokia Oyj (NYSE:NOK)

Charles Schwab Investment Management Inc. increased its position in Nokia Oyj (NYSE:NOK) by 35.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 346,358 shares of the technology company’s stock after buying an additional 91,459 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nokia Oyj were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC grew its stake in shares of Nokia Oyj by 22.3% in the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after buying an additional 15,035,360 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Nokia Oyj during the 2nd quarter worth approximately $2,501,000. Maverick Capital Ltd. purchased a new position in Nokia Oyj during the 2nd quarter worth $1,240,000. Moloney Securities Asset Management LLC acquired a new position in shares of Nokia Oyj during the third quarter valued at about $1,419,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Nokia Oyj by 92.8% during the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after buying an additional 255,893 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Trading Down 0.1 %

Shares of NOK stock opened at $4.48 on Tuesday. The firm has a market cap of $24.40 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 5.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a 1-year low of $3.20 and a 1-year high of $4.95. The company has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.17.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.10 billion. On average, analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on NOK shares. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Friday. Northland Securities reaffirmed an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $4.35 to $6.35 in a research note on Monday, December 9th. Finally, Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nokia Oyj currently has an average rating of “Moderate Buy” and a consensus price target of $5.42.

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.