Aperio Group LLC Reduces Stake in Nokia Oyj (NOK)

Aperio Group LLC reduced its position in Nokia Oyj (NYSE:NOK) by 24.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,171,285 shares of the technology company’s stock after selling 371,932 shares during the period. Aperio Group LLC’s holdings in Nokia Oyj were worth $5,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter worth $114,000. Strategic Global Advisors LLC bought a new position in Nokia Oyj in the 3rd quarter worth $143,000. Quantitative Systematic Strategies LLC bought a new position in Nokia Oyj in the 4th quarter worth $116,000. ZWJ Investment Counsel Inc. bought a new position in Nokia Oyj in the 3rd quarter worth $190,000. Finally, Well Done LLC bought a new position in Nokia Oyj in the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 6.03% of the company’s stock.

Shares of Nokia Oyj (NYSE:NOK) opened at $5.65 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $32,800.00, a PE ratio of -17.66, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.65.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Nokia Oyj had a positive return on equity of 10.80% and a negative net margin of 6.37%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. equities research analysts predict that Nokia Oyj will post 0.31 EPS for the current year.

A number of equities analysts recently commented on NOK shares. BNP Paribas cut Nokia Oyj from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $5.00 to $3.90 in a report on Monday, December 4th. Argus cut Nokia Oyj from a “buy” rating to a “hold” rating and raised their target price for the stock from $4.76 to $4.91 in a report on Monday, October 30th. MKM Partners raised Nokia Oyj from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.50 to $7.50 in a report on Friday, February 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia Oyj in a report on Friday, October 27th. Finally, Bank of America raised Nokia Oyj from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.74.

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About Nokia Oyj

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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