Nokia Corporation $NOK Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Nokia stake by 19.2% in the second quarter, adding 300,807 shares to hold 1.86 million shares valued at approximately $24.8 million. Several other institutional investors also expanded their positions.
• Analyst sentiment is generally positive, with Nokia receiving a “Moderate Buy” consensus rating from 17 analysts and an average price target of $13.83. JPMorgan raised its target to $21 and Danske upgraded the stock to “Buy.”
• Nokia exceeded quarterly EPS expectations, reporting $0.08 versus $0.07 expected, while revenue rose 8.4% year over year to $5.50 billion but came in slightly below estimates.

Engineers Gate Manager LP lifted its holdings in shares of Nokia Corporation (NYSE:NOK - Free Report) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,864,080 shares of the technology company's stock after acquiring an additional 300,807 shares during the quarter. Engineers Gate Manager LP's holdings in Nokia were worth $24,755,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Analog Century Management LP bought a new position in Nokia during the 4th quarter worth approximately $104,244,000. Arrowstreet Capital Limited Partnership lifted its position in Nokia by 50.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company's stock valued at $208,873,000 after purchasing an additional 14,482,665 shares during the last quarter. ARGA Investment Management LP increased its stake in shares of Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company's stock valued at $163,921,000 after purchasing an additional 12,734,021 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company's stock valued at $594,868,000 after buying an additional 11,612,590 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of Nokia by 171.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company's stock worth $113,161,000 after buying an additional 11,035,002 shares during the period. Institutional investors and hedge funds own 5.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of Nokia in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on Nokia from $14.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, June 12th. Northland Securities set a $20.00 price target on Nokia in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Nokia in a report on Friday, May 15th. Finally, Danske upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, July 1st. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Nokia has an average rating of "Moderate Buy" and a consensus target price of $13.83.

Nokia Trading Up 1.0%

Nokia stock opened at $10.76 on Thursday. Nokia Corporation has a 52 week low of $4.48 and a 52 week high of $17.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.50. The firm has a market capitalization of $61.77 billion, a price-to-earnings ratio of 76.84, a P/E/G ratio of 1.26 and a beta of 1.21. The company has a 50 day moving average price of $10.35 and a 200 day moving average price of $11.01.

Nokia (NYSE:NOK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company's revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. Research analysts forecast that Nokia Corporation will post 0.39 EPS for the current year.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Google’s planned €13 billion investment in Finnish artificial-intelligence infrastructure is a potential tailwind for Nokia because it could increase demand for high-capacity networks, cloud connectivity and AI-related telecom systems in Finland. Nokia welcomed the commitment, though the announcement does not identify a direct contract or revenue benefit for the company. Nokia welcomes Google’s €13 billion commitment to Finnish AI
• Positive Sentiment: Nokia and SoftBank demonstrated a passive optical networking system designed to support multiple optical technologies, highlighting potential opportunities in broadband capacity and network flexibility. A demonstration is not the same as a commercial order, but it reinforces Nokia’s position in next-generation network infrastructure. Softbank, Nokia demo passive optical network
• Positive Sentiment: Nokia launched a global Mobile Core Early Access program that lets telecom operators test new mobile-core capabilities and AI-era use cases in a hosted environment. The initiative could help accelerate customer adoption of Nokia software and create longer-term opportunities in network automation and monetization. Nokia launches industry-first initiative to help operators accelerate network innovation
• Positive Sentiment: Nokia opened an R&D center in Riyadh focused on AI-powered network automation, supporting Saudi Arabia’s Vision 2030. The facility may strengthen Nokia’s regional relationships and exposure to telecom modernization spending. Nokia opens Riyadh R&D centre
• Positive Sentiment: Technical analysis says NOK broke out of a falling channel, established a higher swing low and reclaimed key moving averages. The forecast identifies possible upside targets of $12.30 to $13.98, supporting near-term bullish momentum, but it is not a fundamental earnings forecast. Nokia Price Forecast: Breakout Signals Second Leg Higher
• Neutral Sentiment: Nokia transferred 687,145 company-held shares to participants in its equity-incentive plans. The transaction is routine and has limited immediate earnings significance, though it modestly increases shares in employee hands. Changes in Nokia Corporation's own shares
• Negative Sentiment: Reports that Nokia is planning sweeping Bell Labs job cuts have raised concerns about reduced research capacity and the potential impact on long-term innovation, particularly as the company promotes AI and advanced networking. Nokia plans sweeping Bell Labs cuts
• Negative Sentiment: Commentary questioning whether Nokia’s earlier rally was supported by business fundamentals highlights valuation and execution risk. The stock remains well below its summer peak, and uncertainty surrounding the China retreat could limit confidence in the recovery. Beyond the China Retreat: Whether Nokia’s Surge Was Built on Substance

Nokia Profile

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company's business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.

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