LeJeune Puetz Investment Counsel LLC increased its position in shares of Nokia Oyj (NYSE:NOK) by 206.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,200 shares of the technology company’s stock after buying an additional 41,925 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in Nokia Oyj were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NOK. D. E. Shaw & Co. Inc. increased its stake in shares of Nokia Oyj by 25,510.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 10,663,449 shares of the technology company’s stock worth $62,061,000 after buying an additional 10,621,812 shares during the period. FMR LLC increased its stake in shares of Nokia Oyj by 251.7% during the fourth quarter. FMR LLC now owns 12,084,463 shares of the technology company’s stock worth $70,331,000 after buying an additional 8,648,798 shares during the period. Millennium Management LLC increased its stake in shares of Nokia Oyj by 820.4% during the fourth quarter. Millennium Management LLC now owns 9,639,023 shares of the technology company’s stock worth $56,099,000 after buying an additional 8,591,749 shares during the period. Bank of America Corp DE increased its stake in shares of Nokia Oyj by 118.3% during the fourth quarter. Bank of America Corp DE now owns 14,251,970 shares of the technology company’s stock worth $82,947,000 after buying an additional 7,724,302 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Nokia Oyj by 3,408.1% during the fourth quarter. Bank of New York Mellon Corp now owns 4,177,677 shares of the technology company’s stock worth $24,314,000 after buying an additional 4,058,589 shares during the period. Hedge funds and other institutional investors own 6.85% of the company’s stock.

NOK has been the topic of a number of recent research reports. Raymond James upgraded shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $4.75 to $7.50 in a research note on Tuesday, January 8th. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Nordea Equity Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. TheStreet lowered shares of Nokia Oyj from a “b-” rating to a “c+” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets upgraded shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $5.00 to $7.50 in a research note on Thursday, January 3rd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.79.

Shares of NOK stock traded down $0.02 during trading hours on Tuesday, hitting $5.79. The stock had a trading volume of 610,483 shares, compared to its average volume of 25,779,184. The company has a market capitalization of $32.74 billion, a P/E ratio of 21.44 and a beta of 0.31. Nokia Oyj has a twelve month low of $5.07 and a twelve month high of $6.65. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.61 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. Research analysts predict that Nokia Oyj will post 0.31 EPS for the current fiscal year.

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Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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

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