Envestnet Asset Management Inc. lifted its stake in shares of Nokia Oyj (NYSE:NOK) by 816.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,988 shares of the technology company’s stock after purchasing an additional 36,514 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Nokia Oyj were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of Nokia Oyj by 3.5% during the 1st quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock valued at $1,609,000 after purchasing an additional 9,947 shares during the last quarter. Stifel Financial Corp grew its holdings in Nokia Oyj by 8.9% during the 1st quarter. Stifel Financial Corp now owns 130,910 shares of the technology company’s stock worth $708,000 after acquiring an additional 10,753 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Nokia Oyj by 14.5% during the 1st quarter. Guggenheim Capital LLC now owns 86,972 shares of the technology company’s stock worth $476,000 after acquiring an additional 10,991 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in Nokia Oyj by 77.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock worth $141,000 after acquiring an additional 11,443 shares during the last quarter. Finally, AMG National Trust Bank grew its holdings in Nokia Oyj by 2.2% during the 2nd quarter. AMG National Trust Bank now owns 530,620 shares of the technology company’s stock worth $3,051,000 after acquiring an additional 11,516 shares during the last quarter. 6.83% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Santander lowered shares of Nokia Oyj from a “hold” rating to an “underperform” rating in a report on Monday, June 18th. Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Nordea Equity Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, BMO Capital Markets reissued a “hold” rating and set a $5.00 target price on shares of Nokia Oyj in a report on Thursday, July 26th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Nokia Oyj has a consensus rating of “Hold” and an average target price of $5.86.

NOK opened at $5.55 on Tuesday. The company has a market cap of $31.48 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.90 and a beta of 1.15. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.37.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, July 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.18 billion. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. equities research analysts forecast that Nokia Oyj will post 0.26 EPS for the current fiscal year.

About Nokia Oyj

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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