Senvest Management LLC Invests $1.88 Million in Nokia Oyj (NYSE:NOK)

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Senvest Management LLC purchased a new position in shares of Nokia Oyj (NYSE:NOK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 375,000 shares of the technology company’s stock, valued at approximately $1,879,000.

Other large investors have also modified their holdings of the company. Zions Bancorporation N.A. acquired a new stake in shares of Nokia Oyj during the 1st quarter worth approximately $28,000. Truvestments Capital LLC grew its position in shares of Nokia Oyj by 1,375.2% during the 2nd quarter. Truvestments Capital LLC now owns 4,942 shares of the technology company’s stock worth $25,000 after buying an additional 4,607 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Nokia Oyj during the first quarter valued at approximately $29,000. Bremer Bank National Association acquired a new position in Nokia Oyj during the first quarter valued at approximately $30,000. Finally, Regal Wealth Group Inc. acquired a new position in Nokia Oyj during the second quarter valued at approximately $38,000. Institutional investors own 7.58% of the company’s stock.

NOK traded down $0.06 during trading on Friday, reaching $5.18. The company had a trading volume of 8,859,588 shares, compared to its average volume of 13,927,445. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 1.05. Nokia Oyj has a 12 month low of $4.71 and a 12 month high of $6.65. The business’s fifty day moving average price is $5.21 and its 200 day moving average price is $5.38. The company has a market cap of $29.53 billion, a P/E ratio of 19.19 and a beta of 0.28.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. Nokia Oyj had a negative net margin of 2.26% and a positive return on equity of 7.84%. The firm had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Nokia Oyj will post 0.27 EPS for the current fiscal year.

A number of brokerages recently issued reports on NOK. ValuEngine upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Craig Hallum restated a “buy” rating on shares of Nokia Oyj in a report on Friday, August 30th. Nordea Equity Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Monday, May 20th. Zacks Investment Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Monday, July 29th. Finally, Santander upgraded shares of Nokia Oyj from an “underweight” rating to a “buy” rating in a report on Monday, July 1st. Three analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Nokia Oyj presently has an average rating of “Buy” and a consensus price target of $6.83.

Nokia Oyj Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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

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