Brandes Investment Partners LP reduced its stake in Nokia Corporation (NYSE:NOK) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,442,603 shares of the technology company’s stock after selling 27,067 shares during the period. Brandes Investment Partners LP owned approximately 0.74% of Nokia Corporation worth $70,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NOK. Capstone Asset Management Co. raised its position in shares of Nokia Corporation by 203.7% in the second quarter. Capstone Asset Management Co. now owns 1,492,156 shares of the technology company’s stock valued at $9,192,000 after buying an additional 1,000,888 shares during the last quarter. Usca Ria LLC raised its position in Nokia Corporation by 15.1% in the first quarter. Usca Ria LLC now owns 31,475 shares of the technology company’s stock valued at $171,000 after buying an additional 4,125 shares in the last quarter. Comerica Bank raised its position in Nokia Corporation by 1.4% in the first 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 in the last quarter. Alliancebernstein L.P. raised its position in Nokia Corporation by 108.2% in the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock valued at $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Finally, Bank Hapoalim BM raised its position in Nokia Corporation by 70.6% in the first quarter. Bank Hapoalim BM now owns 57,990 shares of the technology company’s stock valued at $314,000 after buying an additional 24,000 shares in the last quarter. Institutional investors own 5.86% of the company’s stock.

Shares of Nokia Corporation (NOK) traded up 0.7071% during midday trading on Friday, reaching $6.2237. The company’s stock had a trading volume of 2,521,021 shares. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65. The stock has a 50 day moving average of $6.30 and a 200-day moving average of $5.91. The company’s market capitalization is $35.18 billion.

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

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NOK has been the subject of several research analyst reports. Bank of America Corporation restated a “neutral” rating on shares of Nokia Corporation in a research report on Friday, June 2nd. Canaccord Genuity restated a “hold” rating and set a $6.00 price target on shares of Nokia Corporation in a research report on Friday, May 5th. BMO Capital Markets restated a “market perform” rating and set a $6.00 price target on shares of Nokia Corporation in a research report on Wednesday, May 24th. Credit Suisse Group restated an “outperform” rating and set a $5.75 price target on shares of Nokia Corporation in a research report on Thursday, July 6th. Finally, Societe Generale initiated coverage on Nokia Corporation in a research report on Wednesday, June 14th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Nokia Corporation presently has a consensus rating of “Hold” and a consensus price target of $5.97.

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.

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

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