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

Alyeska Investment Group L.P. acquired a new stake in Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,072,395 shares of the technology company's stock, valued at approximately $53,481,000. Alyeska Investment Group L.P. owned about 0.22% of Nokia Oyj at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hel Ved Capital Management Ltd acquired a new position in shares of Nokia Oyj during the 4th quarter worth $8,001,000. QRG Capital Management Inc. grew its position in Nokia Oyj by 29.9% during the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company's stock worth $3,060,000 after acquiring an additional 158,935 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Nokia Oyj by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company's stock worth $1,749,000 after purchasing an additional 48,509 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Nokia Oyj during the fourth quarter valued at about $2,116,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Nokia Oyj during the fourth quarter worth about $2,961,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOK. The Goldman Sachs Group downgraded shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Trading Up 1.2 %

Shares of NYSE:NOK traded up $0.06 during mid-day trading on Friday, hitting $5.09. The company had a trading volume of 9,419,152 shares, compared to its average volume of 17,941,042. The firm has a fifty day moving average price of $5.10 and a 200 day moving average price of $4.76. Nokia Oyj has a one year low of $3.57 and a one year high of $5.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The company has a market capitalization of $27.75 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95.

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

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.0336 per share. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, May 5th. Nokia Oyj's dividend payout ratio (DPR) is 106.67%.

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.