Schonfeld Strategic Advisors LLC Buys Shares of 300,700 Nokia Oyj (NYSE:NOK)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 300,700 shares of the technology company's stock, valued at approximately $1,332,000.

Several other hedge funds have also modified their holdings of the stock. Northern Trust Corp lifted its holdings in Nokia Oyj by 85.9% during the 4th quarter. Northern Trust Corp now owns 3,675,795 shares of the technology company's stock worth $16,284,000 after buying an additional 1,698,005 shares during the last quarter. Aquatic Capital Management LLC grew its stake in shares of Nokia Oyj by 243.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,159,343 shares of the technology company's stock valued at $9,566,000 after purchasing an additional 1,530,523 shares during the last quarter. Boothbay Fund Management LLC raised its position in Nokia Oyj by 323.5% during the 4th quarter. Boothbay Fund Management LLC now owns 317,658 shares of the technology company's stock worth $1,407,000 after buying an additional 242,657 shares during the last quarter. MGO One Seven LLC lifted its position in Nokia Oyj by 14.8% in the fourth quarter. MGO One Seven LLC now owns 29,445 shares of the technology company's stock valued at $130,000 after purchasing an additional 3,792 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in Nokia Oyj during the fourth quarter worth $118,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NOK shares. StockNews.com downgraded Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective for the company. in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased 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 report on Friday, February 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Nokia Oyj has a consensus rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Stock Up 1.5%

Shares of NYSE NOK traded up $0.08 on Monday, hitting $5.17. The company had a trading volume of 5,383,057 shares, compared to its average volume of 18,002,845. 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 has a 12-month low of $3.57 and a 12-month high of $5.48. The firm has a market capitalization of $28.16 billion, a P/E ratio of 20.62, a PEG ratio of 6.43 and a beta of 0.95. The business has a 50 day moving average of $5.10 and a two-hundred day moving average of $4.76.

Nokia Oyj (NYSE:NOK - Get Free Report) last released 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). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the firm posted $0.09 EPS. The company's revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $0.0336 dividend. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date is Monday, May 5th. This represents a $0.13 annualized dividend and a dividend yield of 2.61%. Nokia Oyj's dividend payout ratio (DPR) is presently 106.67%.

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.