Nokia Oyj (NYSE:NOK) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in shares of Nokia Oyj (NYSE:NOK) by 5.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 70,778 shares of the technology company’s stock after buying an additional 3,453 shares during the period. Captrust Financial Advisors’ holdings in Nokia Oyj were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truist Financial Corp increased its stake in shares of Nokia Oyj by 15.7% during 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 boosted its stake in Nokia Oyj by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after purchasing an additional 2,776 shares in the last quarter. Caprock Group LLC increased its position in shares of Nokia Oyj by 5.5% during 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. Bleakley Financial Group LLC raised its stake in shares of Nokia Oyj by 30.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock worth $59,000 after buying an additional 3,199 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Nokia Oyj by 3.0% in the second quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after buying an additional 3,349 shares during the period. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Up 1.1 %

Shares of NYSE:NOK opened at $4.48 on Friday. Nokia Oyj has a 52 week low of $3.20 and a 52 week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The company has a market cap of $24.43 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 5.71 and a beta of 1.08. The firm has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $4.16.

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

Wall Street Analysts Forecast Growth

NOK has been the topic of several research reports. StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.42.

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.