30,023 Shares in Nokia Oyj (NYSE:NOK) Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new position in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, Holdings Channel reports. The fund acquired 30,023 shares of the technology company’s stock, valued at approximately $103,000.

Several other large investors have also recently added to or reduced their stakes in NOK. Pzena Investment Management LLC raised its holdings in Nokia Oyj by 13,524.2% in the 3rd quarter. Pzena Investment Management LLC now owns 42,791,256 shares of the technology company’s stock valued at $160,039,000 after acquiring an additional 42,477,173 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Nokia Oyj by 10.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 101,681,755 shares of the technology company’s stock valued at $380,290,000 after acquiring an additional 9,908,461 shares in the last quarter. Millennium Management LLC raised its holdings in Nokia Oyj by 55.0% in the 4th quarter. Millennium Management LLC now owns 27,742,934 shares of the technology company’s stock valued at $128,727,000 after acquiring an additional 9,842,934 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Nokia Oyj by 35.1% in the 1st quarter. Renaissance Technologies LLC now owns 28,586,180 shares of the technology company’s stock valued at $140,358,000 after acquiring an additional 7,419,900 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Nokia Oyj by 93.1% in the 1st quarter. BlackRock Inc. now owns 11,039,382 shares of the technology company’s stock valued at $54,203,000 after purchasing an additional 5,321,714 shares during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Down 1.7 %

NOK traded down $0.06 during mid-day trading on Thursday, reaching $3.54. The stock had a trading volume of 14,515,783 shares, compared to its average volume of 15,017,122. The stock has a market capitalization of $19.94 billion, a P/E ratio of 29.75, a P/E/G ratio of 0.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66. The firm’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $3.52. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.97.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities analysts predict that Nokia Oyj will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOK. Citigroup reiterated a “sell” rating on shares of Nokia Oyj in a research note on Friday, December 15th. BNP Paribas began coverage on Nokia Oyj in a research note on Friday, January 12th. They issued a “neutral” rating on the stock. Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Raymond James decreased their price target on Nokia Oyj from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.10 to $3.40 in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj presently has an average rating of “Hold” and an average target price of $5.06.

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.