Legal & General Group Plc maintained its stake in Nokia Corporation (NYSE:NOK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,540 shares of the technology company’s stock at the close of the second quarter. Legal & General Group Plc’s holdings in Nokia Corporation were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOK. Nationwide Fund Advisors grew its stake in Nokia Corporation by 3.8% in the 1st quarter. Nationwide Fund Advisors now owns 51,500 shares of the technology company’s stock valued at $279,000 after buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN grew its stake in Nokia Corporation by 216.6% in the 1st quarter. Wells Fargo & Company MN now owns 819,744 shares of the technology company’s stock valued at $4,443,000 after buying an additional 560,797 shares during the last quarter. US Bancorp DE grew its stake in Nokia Corporation by 21.3% in the 1st quarter. US Bancorp DE now owns 73,962 shares of the technology company’s stock valued at $401,000 after buying an additional 12,963 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Nokia Corporation by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 225,237 shares of the technology company’s stock valued at $1,221,000 after buying an additional 12,008 shares during the last quarter. Finally, Comerica Bank grew its stake in Nokia Corporation by 1.4% in the 1st quarter. Comerica Bank now owns 341,022 shares of the technology company’s stock valued at $1,951,000 after buying an additional 4,660 shares during the last quarter. Institutional investors and hedge funds own 5.85% of the company’s stock.

Shares of Nokia Corporation (NYSE:NOK) opened at 5.93 on Friday. The company’s market cap is $33.52 billion. The stock’s 50 day moving average is $6.09 and its 200-day moving average is $6.05. Nokia Corporation has a one year low of $4.04 and a one year high of $6.65.

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

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A number of research analysts recently commented on the stock. Citigroup Inc. assumed coverage on shares of Nokia Corporation in a research note on Thursday, June 8th. They issued a “neutral” rating and a $6.00 price target on the stock. Zacks Investment Research lowered shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Vetr upgraded shares of Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price target on the stock in a research note on Wednesday, August 9th. Societe Generale assumed coverage on shares of Nokia Corporation in a research note on Wednesday, June 14th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Nokia Corporation in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Nokia Corporation has an average rating of “Hold” and an average target price of $5.86.

Nokia Corporation Company 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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