Sunpointe LLC Takes $71,000 Position in Nokia Oyj (NYSE:NOK)

Sunpointe LLC purchased a new stake in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,064 shares of the technology company’s stock, valued at approximately $71,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its holdings in Nokia Oyj by 10.0% during the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares during the last quarter. FMR LLC lifted its holdings in Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC lifted its holdings in Nokia Oyj by 3.2% during the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after purchasing an additional 70,100 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Nokia Oyj by 2,505.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after purchasing an additional 702,279 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 255,893 shares during the last quarter. 5.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised 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 research note on Monday, December 9th. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nokia Oyj has a consensus rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Trading Up 0.7 %

NOK opened at $4.99 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The company has a market cap of $27.18 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06. The firm has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $4.43. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.06.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj 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.