Vestmark Advisory Solutions Inc. Increases Stock Position in Nokia Oyj (NYSE:NOK)

Vestmark Advisory Solutions Inc. boosted its stake in shares of Nokia Oyj (NYSE:NOK) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,924 shares of the technology company’s stock after purchasing an additional 3,129 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Nokia Oyj were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its holdings in Nokia Oyj by 8.9% during the third quarter. Stratos Wealth Partners LTD. now owns 123,827 shares of the technology company’s stock valued at $463,000 after purchasing an additional 10,108 shares during the period. Advisor Partners II LLC grew its stake in shares of Nokia Oyj by 57.6% during the 3rd quarter. Advisor Partners II LLC now owns 46,640 shares of the technology company’s stock valued at $174,000 after acquiring an additional 17,037 shares during the period. Park Avenue Securities LLC purchased a new stake in Nokia Oyj in the 3rd quarter worth approximately $93,000. Northwest Bancshares Inc. bought a new stake in Nokia Oyj during the 3rd quarter worth approximately $92,000. Finally, Cable Hill Partners LLC purchased a new position in Nokia Oyj during the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

NOK has been the subject of a number of recent analyst reports. Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. BNP Paribas started coverage on shares of Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj has an average rating of “Hold” and an average target price of $4.42.

Nokia Oyj Stock Performance

Shares of NYSE:NOK opened at $3.74 on Wednesday. The firm has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $3.49. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.36. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $21.04 billion, a P/E ratio of 23.34, a PEG ratio of 1.18 and a beta of 1.07.

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.