Caprock Group LLC Boosts Stock Holdings in Nokia Oyj (NYSE:NOK)

Caprock Group LLC increased its stake in shares of Nokia Oyj (NYSE:NOK) by 41.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,622 shares of the technology company’s stock after purchasing an additional 23,856 shares during the quarter. Caprock Group LLC’s holdings in Nokia Oyj were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. First Affirmative Financial Network increased its stake in Nokia Oyj by 9.5% during the 4th quarter. First Affirmative Financial Network now owns 46,496 shares of the technology company’s stock valued at $206,000 after purchasing an additional 4,028 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter worth about $45,000. Blue Trust Inc. grew its holdings in Nokia Oyj by 74.7% in the fourth quarter. Blue Trust Inc. now owns 83,987 shares of the technology company’s stock valued at $367,000 after purchasing an additional 35,925 shares during the period. Arkfeld Wealth Strategies L.L.C. increased its holdings in Nokia Oyj by 23.1% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 21,320 shares of the technology company’s stock worth $95,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of Nokia Oyj by 28.2% during the 4th quarter. Atomi Financial Group Inc. now owns 47,134 shares of the technology company’s stock worth $209,000 after purchasing an additional 10,354 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NOK shares. The Goldman Sachs Group cut shares of 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. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Nokia Oyj presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.79 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The stock’s 50-day moving average is $4.46 and its two-hundred day moving average is $4.35. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 5.81 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Analysts predict that Nokia Oyj will post 0.35 earnings per share for the current year.

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.