Neuberger Berman Group LLC Increases Holdings in Nokia Oyj (NYSE:NOK)

Neuberger Berman Group LLC grew its holdings in Nokia Oyj (NYSE:NOK) by 19.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,518 shares of the technology company’s stock after acquiring an additional 4,072 shares during the period. Neuberger Berman Group LLC’s holdings in Nokia Oyj were worth $113,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Checchi Capital Advisers LLC lifted its stake in Nokia Oyj by 14.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after acquiring an additional 2,509 shares during the period. PDS Planning Inc raised its holdings in Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock worth $125,000 after purchasing an additional 2,665 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Nokia Oyj by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock worth $293,000 after purchasing an additional 2,722 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Nokia Oyj by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock valued at $420,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Nokia Oyj by 5.1% during the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock valued at $309,000 after buying an additional 3,453 shares during the period. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Performance

Shares of NOK opened at $4.96 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.03 billion, a P/E ratio of 19.83, a P/E/G ratio of 6.43 and a beta of 0.97. The business’s 50 day moving average price is $5.05 and its 200-day moving average price is $4.68. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Equities research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NOK has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday, February 21st. Craig Hallum raised their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered 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, StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Nokia Oyj has an average rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Company Profile

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.