Nokia Corporation (NOK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Nokia Corporation (NYSE:NOK) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,068,746 shares of the technology company’s stock after selling 28,156 shares during the period. Dimensional Fund Advisors LP owned 0.07% of Nokia Corporation worth $6,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOK. AMG National Trust Bank increased its holdings in shares of Nokia Corporation by 5.1% in the second quarter. AMG National Trust Bank now owns 430,765 shares of the technology company’s stock valued at $2,654,000 after purchasing an additional 20,955 shares during the period. Teachers Advisors LLC increased its holdings in shares of Nokia Corporation by 53.3% in the second quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock valued at $42,796,000 after purchasing an additional 2,414,440 shares during the period. FMR LLC increased its holdings in shares of Nokia Corporation by 2.5% in the second quarter. FMR LLC now owns 2,995,663 shares of the technology company’s stock valued at $18,453,000 after purchasing an additional 72,180 shares during the period. Aperio Group LLC increased its holdings in shares of Nokia Corporation by 28.0% in the second quarter. Aperio Group LLC now owns 1,382,147 shares of the technology company’s stock valued at $8,514,000 after purchasing an additional 302,637 shares during the period. Finally, Bluestein R H & Co. increased its holdings in shares of Nokia Corporation by 50.0% in the second quarter. Bluestein R H & Co. now owns 75,000 shares of the technology company’s stock valued at $462,000 after purchasing an additional 25,000 shares during the period. 6.10% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the company. BNP Paribas raised Nokia Corporation from an “underperform” rating to a “neutral” rating in a report on Tuesday, November 7th. Argus lowered Nokia Corporation from a “buy” rating to a “hold” rating and boosted their target price for the company from $4.76 to $4.91 in a report on Monday, October 30th. Canaccord Genuity dropped their target price on Nokia Corporation from $7.00 to $5.50 and set a “hold” rating on the stock in a report on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating on shares of Nokia Corporation in a report on Friday, October 27th. Finally, Vetr raised Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 target price on the stock in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Nokia Corporation presently has a consensus rating of “Hold” and a consensus price target of $5.88.

Shares of Nokia Corporation (NYSE NOK) opened at $5.01 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $29,180.00, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. Nokia Corporation has a 12-month low of $4.13 and a 12-month high of $6.65.

Nokia Corporation (NYSE:NOK) last posted its earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. Nokia Corporation’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. equities analysts predict that Nokia Corporation will post 0.33 EPS for the current year.

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About Nokia Corporation

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

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