First Republic Investment Management Inc. Boosts Position in Nokia Oyj (NOK)

First Republic Investment Management Inc. increased its holdings in Nokia Oyj (NYSE:NOK) by 19.1% during the second quarter, Holdings Channel reports. The institutional investor owned 75,758 shares of the technology company’s stock after acquiring an additional 12,155 shares during the quarter. First Republic Investment Management Inc.’s holdings in Nokia Oyj were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in Nokia Oyj by 3.5% during the first quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock valued at $1,609,000 after purchasing an additional 9,947 shares in the last quarter. Stifel Financial Corp lifted its holdings in Nokia Oyj by 8.9% during the first quarter. Stifel Financial Corp now owns 130,910 shares of the technology company’s stock valued at $708,000 after purchasing an additional 10,753 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Nokia Oyj by 14.5% during the first quarter. Guggenheim Capital LLC now owns 86,972 shares of the technology company’s stock valued at $476,000 after purchasing an additional 10,991 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in Nokia Oyj by 77.4% during the first quarter. Cetera Advisor Networks LLC now owns 26,232 shares of the technology company’s stock valued at $141,000 after purchasing an additional 11,443 shares in the last quarter. Finally, AMG National Trust Bank lifted its holdings in Nokia Oyj by 2.2% during the second quarter. AMG National Trust Bank now owns 530,620 shares of the technology company’s stock valued at $3,051,000 after purchasing an additional 11,516 shares in the last quarter. 6.83% of the stock is currently owned by institutional investors.

NOK stock opened at $5.60 on Wednesday. Nokia Oyj has a one year low of $4.51 and a one year high of $6.41. The company has a current ratio of 1.37, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $31.48 billion, a PE ratio of 15.14, a P/E/G ratio of 2.90 and a beta of 1.15.

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

Several brokerages have weighed in on NOK. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price target on shares of Nokia Oyj in a report on Thursday, July 26th. ValuEngine downgraded shares of Nokia Oyj from a “hold” rating to a “sell” rating in a report on Thursday, May 31st. Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Tuesday. Santander downgraded shares of Nokia Oyj from a “hold” rating to an “underperform” rating in a report on Monday, June 18th. Finally, Nordea Equity Research downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.86.

Nokia Oyj 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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