937,780 Shares in Nokia Oyj (NYSE:NOK) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 937,780 shares of the technology company's stock, valued at approximately $4,154,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOK. Bank of Montreal Can boosted its position in Nokia Oyj by 23.0% in the 4th quarter. Bank of Montreal Can now owns 802,651 shares of the technology company's stock worth $3,556,000 after purchasing an additional 150,186 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Nokia Oyj during the fourth quarter valued at $264,000. FMR LLC increased its holdings in Nokia Oyj by 62.3% in the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock valued at $219,292,000 after buying an additional 19,004,399 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Nokia Oyj by 137.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,650,838 shares of the technology company's stock worth $20,603,000 after acquiring an additional 2,691,546 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in shares of Nokia Oyj during the 4th quarter valued at about $69,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Price Performance

NYSE NOK traded up $0.13 during mid-day trading on Friday, hitting $4.99. The stock had a trading volume of 20,965,142 shares, compared to its average volume of 17,768,904. The firm's 50 day moving average is $5.09 and its 200 day moving average is $4.72. 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 stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 6.43 and a beta of 0.97. Nokia Oyj has a twelve month low of $3.57 and a twelve month high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. Equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOK. StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target 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. Finally, Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, Nokia Oyj has an average rating of "Moderate Buy" and a consensus price target of $5.85.

Nokia Oyj 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.