Bluestein R H & Co. increased its holdings in shares of Nokia Corporation (NYSE:NOK) by 50.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,000 shares of the technology company’s stock after purchasing an additional 25,000 shares during the period. Bluestein R H & Co.’s holdings in Nokia Corporation were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. M&T Bank Corp boosted its position in Nokia Corporation by 20.4% during the 2nd quarter. M&T Bank Corp now owns 204,731 shares of the technology company’s stock worth $1,261,000 after purchasing an additional 34,716 shares during the period. FMR LLC boosted its position in Nokia Corporation by 2.5% during the 2nd quarter. FMR LLC now owns 2,995,663 shares of the technology company’s stock worth $18,453,000 after purchasing an additional 72,180 shares during the period. Northern Trust Corp boosted its position in Nokia Corporation by 0.6% during the 2nd quarter. Northern Trust Corp now owns 5,811,715 shares of the technology company’s stock worth $35,801,000 after purchasing an additional 34,906 shares during the period. Bank Hapoalim BM boosted its position in Nokia Corporation by 82.8% during the 2nd quarter. Bank Hapoalim BM now owns 105,990 shares of the technology company’s stock worth $653,000 after purchasing an additional 48,000 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Nokia Corporation by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 89,494 shares of the technology company’s stock worth $552,000 after purchasing an additional 7,419 shares during the period. 5.85% of the stock is owned by hedge funds and other institutional investors.

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Shares of Nokia Corporation (NOK) opened at 6.00 on Friday. The firm’s market cap is $33.91 billion. The stock has a 50 day moving average of $6.25 and a 200-day moving average of $6.01. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Equities research analysts expect that Nokia Corporation will post $0.30 earnings per share for the current year.

NOK has been the subject of a number of research reports. Bank of America Corporation reaffirmed a “neutral” rating on shares of Nokia Corporation in a research report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $5.75 price target on shares of Nokia Corporation in a research report on Thursday, July 6th. Societe Generale initiated coverage on shares of Nokia Corporation in a research report on Wednesday, June 14th. They set a “buy” rating for the company. BidaskClub raised shares of Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research cut shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus 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.

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

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