GSA Capital Partners LLP acquired a new stake in Nokia Oyj (NYSE:NOK) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 85,251 shares of the technology company’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NOK. Wells Fargo & Company MN raised its holdings in Nokia Oyj by 3.5% in the 1st quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock valued at $1,609,000 after buying an additional 9,947 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Nokia Oyj by 67.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 45,490 shares of the technology company’s stock worth $249,000 after purchasing an additional 18,257 shares during the last quarter. Private Advisor Group LLC raised its holdings in Nokia Oyj by 320.1% during the 1st quarter. Private Advisor Group LLC now owns 83,539 shares of the technology company’s stock worth $457,000 after purchasing an additional 63,653 shares during the last quarter. Northern Trust Corp raised its holdings in Nokia Oyj by 15.6% during the 1st quarter. Northern Trust Corp now owns 5,565,144 shares of the technology company’s stock worth $30,441,000 after purchasing an additional 752,951 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in Nokia Oyj by 77.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock worth $141,000 after purchasing an additional 11,443 shares during the last quarter. Institutional investors and hedge funds own 6.84% of the company’s stock.

NOK has been the subject of several analyst reports. Nordea Equity Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine lowered shares of Nokia Oyj from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Nokia Oyj in a report on Monday. Finally, Santander lowered shares of Nokia Oyj from a “hold” rating to an “underperform” rating in a report on Monday, June 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.61.

NYSE:NOK opened at $5.50 on Tuesday. The firm has a market capitalization of $29.90 billion, a PE ratio of 14.89, a P/E/G ratio of 2.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.14. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.41.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.18 billion. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. Nokia Oyj’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. analysts forecast that Nokia Oyj will post 0.26 EPS for the current fiscal year.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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

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