6 days Ago By ABMN Staff
Franklin Resources Inc. trimmed its stake in shares of Nokia Oyj ( NYSE:NOK – Free Report ) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 364,956 shares of the technology company’s stock after selling 74,862 shares during the quarter. Franklin Resources Inc.’s holdings in Nokia Oyj were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its holdings in shares of Nokia Oyj by 29.
9% during the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after acquiring an additional 158,935 shares in the last quarter.
Charles Schwab Investment Management Inc. grew its position in Nokia Oyj by 14.0% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company’s stock valued at $1,749,000 after purchasing an additional 48,509 shares during the period. Quantbot Technologies LP bought a new stake in Nokia Oyj during the 4th quarter valued at $2,116,000.
Raymond James Financial Inc. acquired a new position in Nokia Oyj during the fourth quarter worth $2,961,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Nokia Oyj by 14.
5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock valued at $226,000 after buying an additional 6,395 shares in the last quarter. 5.
28% of the stock is owned by institutional investors and hedge funds. Nokia Oyj Trading Up 0.6 % Shares of NOK opened at $4.
99 on Tuesday. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.
48. The company has a current ratio of 1.58, a quick ratio of 1.
39 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $5.
05 and its 200-day moving average price is $4.68. The firm has a market capitalization of $27.
21 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 6.43 and a beta of 0.
97. Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on the company. StockNews.
com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.
35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.
60 price target on the stock. in a research report on Thursday, January 16th. Finally, Craig Hallum upped their price objective on shares of Nokia Oyj from $6.
00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Moderate Buy” and an average target price of $5.85.
View Our Latest Analysis on NOK About Nokia Oyj ( Free Report ) Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.
Read More Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj ( NYSE:NOK – Free Report ). 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.
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