Profund Advisors LLC decreased its holdings in Nokia Corporation (NYSE:NOK) by 21.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,736 shares of the technology company’s stock after selling 50,268 shares during the quarter. Profund Advisors LLC’s holdings in Nokia Corporation were worth $1,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ariel Investments LLC grew its holdings in Nokia Corporation by 21.1% in the 1st quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock valued at $175,462,000 after buying an additional 5,650,498 shares during the period. Alliancebernstein L.P. grew its holdings in Nokia Corporation by 108.2% in the 1st quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock valued at $112,821,000 after buying an additional 10,817,897 shares during the period. Wellington Management Group LLP grew its holdings in Nokia Corporation by 23.6% in the 1st quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock valued at $66,145,000 after buying an additional 2,331,892 shares during the period. Teachers Advisors LLC grew its holdings in Nokia Corporation by 53.3% in the 2nd quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock valued at $42,796,000 after buying an additional 2,414,440 shares during the period. Finally, Stelliam Investment Management LP purchased a new stake in Nokia Corporation in the 1st quarter valued at about $34,268,000. Institutional investors own 5.85% of the company’s stock.

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Nokia Corporation (NYSE:NOK) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS.

Several analysts have commented on NOK shares. Zacks Investment Research cut Nokia Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded Nokia Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. BMO Capital Markets restated a “market perform” rating and issued a $6.00 price target on shares of Nokia Corporation in a report on Wednesday, May 24th. Credit Suisse Group restated an “outperform” rating and issued a $5.75 price target on shares of Nokia Corporation in a report on Thursday, July 6th. Finally, Vetr upgraded Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.08 price target for the company in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.91.

Nokia Corporation Company Profile

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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