Aquatic Capital Management LLC Acquires 1,530,523 Shares of Nokia Oyj (NYSE:NOK)

Aquatic Capital Management LLC grew its holdings in shares of Nokia Oyj (NYSE:NOK - Free Report) by 243.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,159,343 shares of the technology company's stock after purchasing an additional 1,530,523 shares during the quarter. Aquatic Capital Management LLC's holdings in Nokia Oyj were worth $9,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOK. Tidal Investments LLC increased its position in shares of Nokia Oyj by 15.3% during the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company's stock valued at $230,000 after purchasing an additional 6,965 shares during the last quarter. Franklin Resources Inc. lifted its holdings in 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 purchasing an additional 5,190 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company's stock worth $3,191,000 after purchasing an additional 702,279 shares during the period. GAMMA Investing LLC lifted its stake in shares of Nokia Oyj by 57.5% during the 4th quarter. GAMMA Investing LLC now owns 13,449 shares of the technology company's stock valued at $60,000 after buying an additional 4,909 shares in the last quarter. Finally, Aprio Wealth Management LLC purchased a new position in shares of Nokia Oyj during the 4th quarter valued at $82,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Nokia Oyj Trading Up 0.3 %

NYSE:NOK traded up $0.02 during mid-day trading on Thursday, hitting $5.01. 7,535,254 shares of the stock traded hands, compared to its average volume of 17,778,373. The stock has a market capitalization of $27.29 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The firm's 50 day moving average is $5.09 and its two-hundred day moving average is $4.74. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.

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

Nokia Oyj Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.0336 dividend. This is an increase from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, May 5th. Nokia Oyj's dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Craig Hallum lifted their target price on shares of 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. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, Nokia Oyj presently has an average rating of "Moderate Buy" and a consensus price target of $5.85.

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.