12,072,395 Shares in Nokia Oyj (NYSE:NOK) Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,072,395 shares of the technology company's stock, valued at approximately $53,481,000. Alyeska Investment Group L.P. owned approximately 0.22% of Nokia Oyj at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NOK. Tidal Investments LLC grew its position in Nokia Oyj by 15.3% in the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company's stock worth $230,000 after purchasing an additional 6,965 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Nokia Oyj by 1.2% during the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company's stock valued at $1,935,000 after acquiring an additional 5,190 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Nokia Oyj by 2,505.3% during the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company's stock worth $3,191,000 after acquiring an additional 702,279 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Nokia Oyj by 57.5% in the 4th quarter. GAMMA Investing LLC now owns 13,449 shares of the technology company's stock worth $60,000 after buying an additional 4,909 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new position in Nokia Oyj during the fourth quarter valued at about $82,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOK has been the topic of several research analyst reports. Craig Hallum upped their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group lowered shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Price Performance

NYSE:NOK traded up $0.02 during mid-day trading on Tuesday, hitting $5.03. 17,043,903 shares of the stock traded hands, compared to its average volume of 17,888,359. The company has a market cap of $27.40 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. 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 business's 50-day moving average price is $5.10 and its 200 day moving average price is $4.75. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the company posted $0.09 earnings per share. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.0336 per share. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.68%. Nokia Oyj's dividend payout ratio is presently 106.67%.

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.