PDS Planning Inc Has $112,000 Stock Position in Nokia Oyj (NYSE:NOK)

PDS Planning Inc reduced its stake in shares of Nokia Oyj (NYSE:NOK) by 23.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,639 shares of the technology company’s stock after selling 7,839 shares during the quarter. PDS Planning Inc’s holdings in Nokia Oyj were worth $112,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp raised its position 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 buying an additional 2,710 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 acquiring an additional 2,776 shares during the period. V Square Quantitative Management LLC grew its holdings 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 worth $328,000 after purchasing an additional 3,097 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Nokia Oyj by 30.8% during the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock valued at $59,000 after purchasing an additional 3,199 shares during the period. Finally, Profund Advisors LLC raised its stake 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 purchasing an additional 3,349 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Up 1.0 %

NOK stock opened at $4.72 on Wednesday. The business has a fifty day moving average price of $4.44 and a 200 day moving average price of $4.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.95. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 58.94, a P/E/G ratio of 6.15 and a beta of 1.12.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOK. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research note on Monday, October 21st. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. Finally, Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.56.

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.