Nokia Oyj (NYSE:NOK) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Nokia Oyj (NYSE:NOK) by 14.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 50,428 shares of the technology company’s stock after acquiring an additional 6,395 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nokia Oyj were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares during the period. Pzena Investment Management LLC lifted its position in shares of Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after buying an additional 8,261,407 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nokia Oyj by 2,505.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after buying an additional 702,279 shares during the period. Moloney Securities Asset Management LLC bought a new stake in shares of Nokia Oyj during the 3rd quarter valued at about $1,419,000. Finally, XTX Topco Ltd bought a new position in Nokia Oyj in the third quarter worth about $1,417,000. 5.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NOK has been the subject of a number of analyst reports. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. Finally, Craig Hallum raised their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Stock Performance

Shares of NYSE NOK opened at $5.00 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The firm has a market cap of $27.24 billion, a P/E ratio of 19.98, a PEG ratio of 6.43 and a beta of 1.06. The stock has a fifty day moving average price of $4.64 and a two-hundred day moving average price of $4.46. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.06.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Research analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

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.