Rational Advisors LLC acquired a new position in Nokia Oyj (NYSE:NOK) in the third quarter, HoldingsChannel.com reports. The fund acquired 254,660 shares of the technology company’s stock, valued at approximately $1,421,000.

Several other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Nokia Oyj by 31.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 40,077 shares of the technology company’s stock worth $224,000 after purchasing an additional 9,657 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Nokia Oyj by 16.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,093 shares of the technology company’s stock worth $436,000 after purchasing an additional 10,985 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Nokia Oyj by 14.5% in the 1st quarter. Guggenheim Capital LLC now owns 86,972 shares of the technology company’s stock worth $476,000 after purchasing an additional 10,991 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of Nokia Oyj by 19.1% in the 2nd quarter. First Republic Investment Management Inc. now owns 75,758 shares of the technology company’s stock worth $436,000 after purchasing an additional 12,155 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Nokia Oyj by 10.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 134,807 shares of the technology company’s stock worth $776,000 after purchasing an additional 12,265 shares in the last quarter. 6.96% of the stock is owned by hedge funds and other institutional investors.

NOK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Wednesday, October 24th. Canaccord Genuity raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. ValuEngine cut Nokia Oyj from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Exane BNP Paribas cut Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 19th. Finally, Credit Suisse Group raised Nokia Oyj from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $5.56 to $7.00 in a research report on Wednesday, September 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.92.

Shares of NOK stock opened at $5.81 on Monday. The firm has a market capitalization of $32.72 billion, a P/E ratio of 15.70, a PEG ratio of 2.42 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. Nokia Oyj has a 1 year low of $4.51 and a 1 year high of $6.41.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, October 25th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.56 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. Analysts forecast that Nokia Oyj will post 0.26 EPS for the current fiscal year.

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Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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

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