CIBC World Markets Inc. raised its position in Nokia Oyj (NYSE:NOK) by 120.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 135,306 shares of the technology company’s stock after purchasing an additional 73,946 shares during the period. CIBC World Markets Inc.’s holdings in Nokia Oyj were worth $755,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BB&T Securities LLC acquired a new stake in Nokia Oyj in the second quarter valued at $105,000. Cambridge Investment Research Advisors Inc. grew its holdings in Nokia Oyj by 31.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,077 shares of the technology company’s stock valued at $224,000 after purchasing an additional 9,657 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Nokia Oyj by 816.1% in the second quarter. Envestnet Asset Management Inc. now owns 40,988 shares of the technology company’s stock valued at $236,000 after purchasing an additional 36,514 shares during the last quarter. Centaurus Financial Inc. grew its holdings in Nokia Oyj by 63.4% in the second quarter. Centaurus Financial Inc. now owns 42,561 shares of the technology company’s stock valued at $245,000 after purchasing an additional 16,511 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in Nokia Oyj by 61.9% in the second quarter. Institute for Wealth Management LLC. now owns 44,204 shares of the technology company’s stock valued at $250,000 after purchasing an additional 16,905 shares during the last quarter. 6.96% of the stock is currently owned by institutional investors.

Shares of NYSE:NOK opened at $5.40 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. Nokia Oyj has a 52-week low of $4.51 and a 52-week high of $6.41. The firm has a market capitalization of $30.80 billion, a PE ratio of 14.59, a P/E/G ratio of 2.34 and a beta of 0.62.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 25th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.56 billion. On average, equities analysts anticipate that Nokia Oyj will post 0.26 EPS for the current fiscal year.

Several analysts have weighed in on the company. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. Exane BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. DNB Markets raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Finally, Canaccord Genuity raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.26.

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Nokia Oyj Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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

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