10,404 Shares in Nokia Oyj (NYSE:NOK) Acquired by PEAK6 Investments LLC

PEAK6 Investments LLC bought a new stake in shares of Nokia Oyj (NYSE:NOK) during the third quarter, Holdings Channel.com reports. The fund bought 10,404 shares of the technology company’s stock, valued at approximately $45,000.

A number of other large investors have also recently made changes to their positions in the stock. Truist Financial Corp boosted its position in shares of Nokia Oyj by 15.7% in the second quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock valued at $76,000 after acquiring an additional 2,710 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,776 shares in the last quarter. Caprock Group LLC boosted its holdings in Nokia Oyj by 5.5% in the 3rd quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock valued at $252,000 after purchasing an additional 3,023 shares during the period. V Square Quantitative Management LLC grew its position in shares of Nokia Oyj by 3.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after purchasing an additional 3,097 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of Nokia Oyj by 30.8% in the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock worth $59,000 after purchasing an additional 3,199 shares during the period. 5.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NOK. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Finally, Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.56.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.31 on Friday. The firm has a fifty day simple moving average of $4.46 and a two-hundred day simple moving average of $4.14. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. Nokia Oyj has a twelve month low of $3.01 and a twelve month high of $4.95. The company has a market capitalization of $23.50 billion, a PE ratio of 53.88, a P/E/G ratio of 5.48 and a beta of 1.08.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. Research analysts expect that Nokia Oyj will post 0.34 EPS for the current 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.