Court Place Advisors LLC continued to hold its stake in Nokia Corp. (NYSE:NOK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,116 shares of the technology company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Nokia Corp. were worth $177,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NOK. CWM LLC raised its stake in Nokia Corp. by 0.4% in the second quarter. CWM LLC now owns 576,323 shares of the technology company’s stock worth $3,279,000 after buying an additional 2,282 shares during the last quarter. Bank of Montreal Can bought a new stake in Nokia Corp. during the second quarter worth about $454,000. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Nokia Corp. by 8.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 64,122 shares of the technology company’s stock worth $365,000 after buying an additional 4,974 shares during the last quarter. Creative Planning raised its stake in Nokia Corp. by 12.3% in the second quarter. Creative Planning now owns 57,704 shares of the technology company’s stock worth $328,000 after buying an additional 6,342 shares during the last quarter. Finally, BLB&B Advisors LLC raised its stake in Nokia Corp. by 4.7% in the second quarter. BLB&B Advisors LLC now owns 43,997 shares of the technology company’s stock worth $250,000 after buying an additional 1,975 shares during the last quarter. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nokia Corp. (NYSE:NOK) traded down 0.18% during trading on Tuesday, hitting $5.50. 5,179,828 shares of the stock traded hands. The company has a market cap of $31.74 billion, a PE ratio of 30.22 and a beta of 1.49. Nokia Corp. has a one year low of $5.01 and a one year high of $7.63. The firm has a 50 day moving average price of $5.66 and a 200-day moving average price of $5.71.

Nokia Corp. (NYSE:NOK) last issued its earnings results on Thursday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.80 billion. Nokia Corp. had a net margin of 4.13% and a return on equity of 7.60%. The company’s quarterly revenue was up 91.3% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. Analysts anticipate that Nokia Corp. will post $0.20 earnings per share for the current fiscal year.

NOK has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Nokia Corp. in a research note on Wednesday, August 10th. Credit Agricole SA raised Nokia Corp. from an “underperform” rating to an “outperform” rating and reduced their price target for the stock from $6.81 to $5.36 in a research note on Wednesday, May 25th. Vetr lowered Nokia Corp. from a “buy” rating to a “sell” rating and set a $5.66 price target on the stock. in a research note on Wednesday, July 27th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $8.00 price target on shares of Nokia Corp. in a research note on Tuesday, August 16th. Finally, Canaccord Genuity reissued a “buy” rating and set a $7.00 price target on shares of Nokia Corp. in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.18.

About Nokia Corp.

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.

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