Nokia Oyj (NYSE:NOK) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Nokia Oyj (NYSE:NOK - Free Report) by 29.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 690,657 shares of the technology company's stock after purchasing an additional 158,935 shares during the period. QRG Capital Management Inc.'s holdings in Nokia Oyj were worth $3,060,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj in the third quarter valued at approximately $44,000. PEAK6 Investments LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at $45,000. Foundations Investment Advisors LLC purchased a new stake in Nokia Oyj in the 4th quarter valued at $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj during the 4th quarter worth $46,000. Finally, Wedmont Private Capital acquired a new position in Nokia Oyj in the fourth quarter valued at $47,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOK has been the topic of a number of research reports. Craig Hallum raised their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on 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 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. Finally, StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Stock Performance

NYSE NOK traded up $0.30 on Wednesday, hitting $5.18. 32,198,371 shares of the company's stock were exchanged, compared to its average volume of 21,199,059. 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 firm's 50-day moving average price is $4.70 and its two-hundred day moving average price is $4.50. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 6.43 and a beta of 1.11. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.18.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, research analysts expect 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.