V Square Quantitative Management LLC Buys 29,217 Shares of Nokia Oyj (NYSE:NOK)

V Square Quantitative Management LLC boosted its holdings in Nokia Oyj (NYSE:NOK) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,726 shares of the technology company’s stock after buying an additional 29,217 shares during the period. V Square Quantitative Management LLC’s holdings in Nokia Oyj were worth $502,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NOK. Allspring Global Investments Holdings LLC raised its holdings in 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 worth $226,000 after purchasing an additional 6,395 shares during the period. Capital Advisors Inc. OK bought a new position in Nokia Oyj in the fourth quarter valued at $60,000. Wealthstar Advisors LLC bought a new position in Nokia Oyj in the fourth quarter valued at $146,000. Vest Financial LLC grew its position in shares of Nokia Oyj by 43.1% in the 4th quarter. Vest Financial LLC now owns 30,756 shares of the technology company’s stock valued at $136,000 after acquiring an additional 9,260 shares during the period. Finally, Choreo LLC grew its position in shares of Nokia Oyj by 19.0% in the 4th quarter. Choreo LLC now owns 86,746 shares of the technology company’s stock valued at $384,000 after acquiring an additional 13,849 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOK has been the subject of several research analyst reports. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a report on Thursday, January 16th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Craig Hallum lifted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $4.99 on Friday. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.06. 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 company has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.40. The stock has a market capitalization of $27.18 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.

About Nokia Oyj

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.