Parametric Portfolio Associates LLC grew its position in shares of Nokia Corporation (NYSE:NOK) by 24.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,735,178 shares of the technology company’s stock after buying an additional 535,703 shares during the quarter. Parametric Portfolio Associates LLC owned 0.18% of Nokia Corporation worth $16,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of NOK. Smithbridge Asset Management Inc. DE purchased a new stake in shares of Nokia Corporation during the second quarter valued at approximately $119,000. Geneva Advisors LLC purchased a new stake in shares of Nokia Corporation during the second quarter valued at approximately $125,000. Cutter & CO Brokerage Inc. grew its holdings in shares of Nokia Corporation by 8.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after buying an additional 1,801 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Nokia Corporation during the first quarter valued at approximately $150,000. Finally, First Command Bank grew its holdings in shares of Nokia Corporation by 100.0% during the second quarter. First Command Bank now owns 25,788 shares of the technology company’s stock valued at $158,000 after buying an additional 12,894 shares during the last quarter. Hedge funds and other institutional investors own 5.85% of the company’s stock.

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A number of research firms have recently commented on NOK. Citigroup Inc. began coverage on shares of Nokia Corporation in a report on Thursday, June 8th. They set a “neutral” rating and a $6.00 price target on the stock. Zacks Investment Research cut shares of Nokia Corporation from a “buy” rating to a “hold” rating in a report 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 report on Wednesday, August 9th. Societe Generale began coverage on shares of Nokia Corporation in a report on Wednesday, June 14th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Nokia Corporation in a report 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 assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.86.

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

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate 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 was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, analysts predict that Nokia Corporation will post $0.30 earnings per share for the current year.

About Nokia Corporation

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.

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

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