Signaturefd LLC Has $492,000 Stake in Nokia Oyj (NYSE:NOK)

Signaturefd LLC lifted its stake in shares of Nokia Oyj (NYSE:NOK) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,563 shares of the technology company’s stock after purchasing an additional 10,564 shares during the period. Signaturefd LLC’s holdings in Nokia Oyj were worth $492,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NOK. Pzena Investment Management LLC lifted its position in shares of Nokia Oyj by 29.0% during the first quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock worth $238,912,000 after purchasing an additional 15,175,751 shares in the last quarter. TSP Capital Management Group LLC lifted its position in shares of Nokia Oyj by 89.2% during the first quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 1,027,600 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Nokia Oyj by 98.3% during the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after purchasing an additional 867,297 shares in the last quarter. Bank of Montreal Can acquired a new position in Nokia Oyj in the second quarter valued at approximately $2,501,000. Finally, Maverick Capital Ltd. acquired a new position in Nokia Oyj in the second quarter valued at approximately $1,240,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nokia Oyj Stock Down 0.5 %

Nokia Oyj stock opened at $4.78 on Friday. The company has a market cap of $26.37 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 6.07 and a beta of 1.12. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.82. The company has a fifty day simple moving average of $4.34 and a 200 day simple moving average of $3.96. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13.

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.