24,907 Shares in Nokia Oyj (NOK) Acquired by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC acquired a new stake in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,907 shares of the technology company’s stock, valued at approximately $116,000.
A number of other large investors have also recently modified their holdings of the stock. Tiedemann Wealth Management LLC bought a new stake in Nokia Oyj during the third quarter valued at approximately $114,000. Strategic Global Advisors LLC bought a new stake in Nokia Oyj during the third quarter valued at approximately $143,000. ZWJ Investment Counsel Inc. bought a new stake in Nokia Oyj during the third quarter valued at approximately $190,000. Well Done LLC bought a new stake in Nokia Oyj during the third quarter valued at approximately $207,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Nokia Oyj during the second quarter valued at approximately $215,000. 6.03% of the stock is owned by institutional investors.
Several brokerages have issued reports on NOK. BNP Paribas lowered shares of Nokia Oyj from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $5.00 to $3.90 in a research report on Monday, December 4th. Bank of America upgraded shares of Nokia Oyj 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. Credit Suisse Group lowered shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $4.89 to $5.00 in a research report on Friday, January 5th. MKM Partners upgraded shares of Nokia Oyj from a “neutral” rating to a “buy” rating and lifted their target price for the company from $5.50 to $7.50 in a research report on Friday, February 2nd. Finally, Canaccord Genuity reiterated a “hold” rating and set a $6.00 target price on shares of Nokia Oyj in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Nokia Oyj currently has a consensus rating of “Hold” and a consensus price target of $5.74.
Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.41 billion. Nokia Oyj had a negative net margin of 6.37% and a positive return on equity of 10.80%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. research analysts predict that Nokia Oyj will post 0.31 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/02/12/24907-shares-in-nokia-oyj-nok-acquired-by-quantitative-systematic-strategies-llc.html.
Nokia Oyj 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.
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.