Teachers Advisors LLC cut its position in Nokia (NYSE:NOK) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,460,130 shares of the technology company’s stock after selling 263,042 shares during the period. Teachers Advisors LLC’s holdings in Nokia were worth $34,764,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Management Inc. raised its position in Nokia by 35.5% in the third quarter. Lenox Wealth Management Inc. now owns 129,663 shares of the technology company’s stock valued at $775,000 after purchasing an additional 33,987 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Nokia by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 571,258 shares of the technology company’s stock valued at $2,662,000 after purchasing an additional 10,606 shares during the last quarter. Brandes Investment Partners LP raised its position in Nokia by 38.8% in the fourth quarter. Brandes Investment Partners LP now owns 10,247,013 shares of the technology company’s stock valued at $47,751,000 after purchasing an additional 2,867,023 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Nokia by 272.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 199,826 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 146,152 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Nokia by 27.1% in the third quarter. Advisors Asset Management Inc. now owns 405,267 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 86,405 shares during the last quarter. Hedge funds and other institutional investors own 6.63% of the company’s stock.

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Nokia stock opened at $5.71 on Thursday. Nokia has a 1 year low of $4.51 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.55. The stock has a market capitalization of $32,381.16, a PE ratio of 15.13, a PEG ratio of 2.51 and a beta of 1.05.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Nokia had a positive return on equity of 10.80% and a negative net margin of 6.37%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the company earned $0.12 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. research analysts predict that Nokia will post 0.31 EPS for the current fiscal year.

NOK has been the subject of several research reports. Vetr downgraded Nokia from a “strong-buy” rating to a “buy” rating and set a $5.54 target price for the company. in a research report on Monday, January 29th. Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. MKM Partners upgraded Nokia from a “neutral” rating to a “buy” rating and increased their target price for the company from $5.50 to $7.50 in a research report on Friday, February 2nd. Zacks Investment Research upgraded Nokia from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $6.00 target price on shares of Nokia in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.54.

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Nokia Profile

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.

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Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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