NGAM Advisors L.P. boosted its position in Nokia Corporation (NYSE:NOK) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,091 shares of the technology company’s stock after buying an additional 9,656 shares during the period. NGAM Advisors L.P.’s holdings in Nokia Corporation were worth $1,282,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in NOK. Capstone Asset Management Co. increased its stake in shares of Nokia Corporation by 203.7% in the second quarter. Capstone Asset Management Co. now owns 1,492,156 shares of the technology company’s stock worth $9,192,000 after buying an additional 1,000,888 shares in the last quarter. Usca Ria LLC increased its stake in shares of Nokia Corporation by 15.1% in the first quarter. Usca Ria LLC now owns 31,475 shares of the technology company’s stock worth $171,000 after buying an additional 4,125 shares in the last quarter. Comerica Bank increased its stake in shares of Nokia Corporation by 1.4% in the first quarter. Comerica Bank now owns 341,022 shares of the technology company’s stock worth $1,951,000 after buying an additional 4,660 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Nokia Corporation by 108.2% in the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock worth $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Finally, Bank Hapoalim BM increased its stake in shares of Nokia Corporation by 70.6% in the first quarter. Bank Hapoalim BM now owns 57,990 shares of the technology company’s stock worth $314,000 after buying an additional 24,000 shares in the last quarter. Institutional investors own 5.89% of the company’s stock.

Shares of Nokia Corporation (NOK) opened at 6.33 on Wednesday. The stock has a 50 day moving average price of $6.30 and a 200 day moving average price of $5.80. The firm’s market capitalization is $35.78 billion. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that Nokia Corporation will post $0.29 earnings per share for the current fiscal year.

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A number of analysts have commented on NOK shares. Bank of America Corporation reiterated a “neutral” rating on shares of Nokia Corporation in a research report on Friday, June 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $6.00 price objective on shares of Nokia Corporation in a research report on Friday, May 5th. Zacks Investment Research upgraded Nokia Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BMO Capital Markets restated a “market perform” rating and set a $6.00 target price on shares of Nokia Corporation in a research report on Wednesday, May 24th. Finally, Credit Suisse Group restated an “outperform” rating and set a $5.75 target price on shares of Nokia Corporation in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Nokia Corporation presently has a consensus rating of “Hold” and a consensus price target of $5.97.

About Nokia Corporation

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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Institutional Ownership by Quarter for Nokia Corporation (NYSE:NOK)

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