Aperio Group LLC Trims Stake in Nokia Oyj (NOK)
Aperio Group LLC trimmed its position in Nokia Oyj (NYSE:NOK) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,171,285 shares of the technology company’s stock after selling 371,932 shares during the quarter. Aperio Group LLC’s holdings in Nokia Oyj were worth $5,458,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. TCW Group Inc. increased its holdings in shares of Nokia Oyj by 30.8% in the third quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company’s stock worth $36,327,000 after purchasing an additional 1,429,672 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Nokia Oyj by 17.2% in the third quarter. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company’s stock worth $24,017,000 after purchasing an additional 589,445 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Nokia Oyj by 16.2% in the third quarter. Parametric Portfolio Associates LLC now owns 3,149,756 shares of the technology company’s stock worth $18,836,000 after purchasing an additional 439,324 shares during the last quarter. FMR LLC increased its holdings in shares of Nokia Oyj by 2.5% in the second quarter. FMR LLC now owns 2,995,663 shares of the technology company’s stock worth $18,453,000 after purchasing an additional 72,180 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. increased its holdings in shares of Nokia Oyj by 44.2% in the fourth quarter. Financial & Investment Management Group Ltd. now owns 1,661,957 shares of the technology company’s stock worth $7,745,000 after purchasing an additional 509,555 shares during the last quarter. 6.03% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on NOK. Vetr cut Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 target price on the stock. in a report on Monday, February 5th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nokia Oyj in a report on Thursday, January 18th. Credit Suisse Group cut Nokia Oyj from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $4.89 to $5.00 in a report on Friday, January 5th. Canaccord Genuity reduced their target price on Nokia Oyj from $7.00 to $5.50 and set a “hold” rating on the stock in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.74.
Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Nokia Oyj had a positive return on equity of 10.80% and a negative net margin of 6.37%. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.41 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. analysts expect that Nokia Oyj will post 0.31 EPS for the current year.
Nokia Oyj 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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