Charles Schwab Investment Management Inc. Acquires 48,509 Shares of Nokia Oyj (NYSE:NOK)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 14.0% during the 4th quarter, Holdings Channel reports. The firm owned 394,867 shares of the technology company’s stock after purchasing an additional 48,509 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nokia Oyj were worth $1,749,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. increased its position in Nokia Oyj by 29.9% in the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after buying an additional 158,935 shares in the last quarter. FMR LLC grew its stake 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 valued at $133,273,000 after acquiring an additional 27,755,460 shares during the period. XTX Topco Ltd bought a new stake in shares of Nokia Oyj during the third quarter valued at approximately $1,417,000. Allspring Global Investments Holdings LLC raised its position in shares of Nokia Oyj by 14.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after purchasing an additional 6,395 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Nokia Oyj by 261.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock worth $457,000 after purchasing an additional 74,552 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.22 on Friday. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48. The company has a market cap of $28.44 billion, a P/E ratio of 20.86, a P/E/G ratio of 6.43 and a beta of 1.11. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $4.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

Nokia Oyj (NYSE:NOK) last posted its 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%. Equities research analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NOK. Craig Hallum boosted their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

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.