West Family Investments Inc. acquired a new stake in shares of Nokia Oyj (NYSE:NOK – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,097 shares of the technology company’s stock, valued at approximately $137,000.
A number of other institutional investors have also recently made changes to their positions in NOK. BlackRock Inc. boosted its stake in shares of Nokia Oyj by 18.9% during the first quarter. BlackRock Inc. now owns 4,795,249 shares of the technology company’s stock valued at $26,183,000 after purchasing an additional 763,930 shares during the period. Dimensional Fund Advisors LP lifted its stake in Nokia Oyj by 79.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,029,643 shares of the technology company’s stock worth $27,462,000 after acquiring an additional 2,221,142 shares during the period. Vontobel Holding Ltd. purchased a new stake in Nokia Oyj in the first quarter worth $55,000. Sequoia Financial Advisors LLC lifted its stake in Nokia Oyj by 44.9% in the first quarter. Sequoia Financial Advisors LLC now owns 62,728 shares of the technology company’s stock worth $343,000 after acquiring an additional 19,430 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Nokia Oyj by 171.3% in the first quarter. NewEdge Advisors LLC now owns 33,493 shares of the technology company’s stock worth $183,000 after acquiring an additional 21,146 shares during the period. Hedge funds and other institutional investors own 7.57% of the company’s stock.
Wall Street Analysts Forecast Growth
NOK has been the subject of a number of research analyst reports. DNB Markets lowered Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Nokia Oyj from €6.00 ($6.52) to €5.50 ($5.98) and set a “buy” rating for the company in a research note on Wednesday, November 9th. Morgan Stanley began coverage on Nokia Oyj in a research note on Tuesday, November 8th. They issued an “equal weight” rating for the company. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, November 1st. Finally, Societe Generale decreased their price objective on Nokia Oyj from €5.80 ($6.30) to €5.40 ($5.87) and set a “buy” rating for the company in a report on Tuesday, October 25th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nokia Oyj currently has a consensus rating of “Moderate Buy” and an average target price of $5.81.
Nokia Oyj Price Performance
Nokia Oyj Company Profile
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
- Get a free copy of the StockNews.com research report on Nokia Oyj (NOK)
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