Cambridge Investment Research Advisors Inc. lifted its position in shares of Nokia Corporation (NYSE:NOK) by 47.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,401 shares of the technology company’s stock after buying an additional 11,371 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Nokia Corporation were worth $218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ariel Investments LLC lifted its holdings in shares of Nokia Corporation by 21.1% during the first quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock worth $175,462,000 after buying an additional 5,650,498 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Nokia Corporation by 108.2% during the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock worth $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Nokia Corporation by 23.6% during the first quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock worth $66,145,000 after buying an additional 2,331,892 shares in the last quarter. Stelliam Investment Management LP acquired a new stake in shares of Nokia Corporation during the first quarter worth $34,268,000. Finally, TCW Group Inc. lifted its holdings in shares of Nokia Corporation by 287.8% during the first quarter. TCW Group Inc. now owns 3,765,373 shares of the technology company’s stock worth $20,409,000 after buying an additional 2,794,357 shares in the last quarter. 5.85% of the stock is owned by institutional investors.

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A number of equities research analysts have recently weighed in on NOK shares. BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Vetr downgraded Nokia Corporation from a “strong-buy” rating to a “buy” rating and set a $7.10 price target for the company. in a research note on Wednesday, July 12th. Societe Generale initiated coverage on Nokia Corporation in a research note on Wednesday, June 14th. They issued a “buy” rating for the company. UBS AG reaffirmed a “buy” rating on shares of Nokia Corporation in a research note on Wednesday. Finally, Zacks Investment Research downgraded Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.91.

Shares of Nokia Corporation (NYSE:NOK) opened at 6.18 on Thursday. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $6.65. The stock’s 50 day moving average price is $6.25 and its 200 day moving average price is $6.01. The company’s market capitalization is $34.93 billion.

Nokia Corporation (NYSE:NOK) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. Nokia Corporation’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. On average, equities research analysts forecast that Nokia Corporation will post $0.30 earnings per share for the current year.

Nokia Corporation Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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Institutional Ownership by Quarter for Nokia Corporation (NYSE:NOK)

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