Jackson Square Capital LLC Acquires 235,883 Shares of Nokia Corporation $NOK

Jackson Square Capital LLC bought a new position in shares of Nokia Corporation (NYSE:NOK) in the third quarter, HoldingsChannel reports. The fund bought 235,883 shares of the technology company’s stock, valued at approximately $2,392,000.

Other large investors have also recently bought and sold shares of the company. ARGA Investment Management LP raised its stake in Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock valued at $163,921,000 after buying an additional 12,734,021 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Nokia by 131.3% during the 1st quarter. Renaissance Technologies LLC now owns 13,294,780 shares of the technology company’s stock worth $106,890,000 after acquiring an additional 7,546,000 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of Nokia by 1,710.9% during the 3rd quarter. Annex Advisory Services LLC now owns 4,468,371 shares of the technology company’s stock worth $45,309,000 after acquiring an additional 4,221,629 shares in the last quarter. Troluce Capital Advisors LLC purchased a new position in shares of Nokia in the 1st quarter valued at about $20,100,000. Finally, Atreides Management LP purchased a new position in shares of Nokia in the 1st quarter valued at about $19,955,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein restated a “neutral” rating on shares of Nokia in a research note on Thursday, July 23rd. Barclays reaffirmed a “sell” rating on shares of Nokia in a report on Monday, June 29th. Danske upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Nokia in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.57.

Nokia Stock Performance

NYSE:NOK traded up $0.07 during trading hours on Monday, reaching $9.21. 30,232,605 shares of the company’s stock were exchanged, compared to its average volume of 80,488,883. Nokia Corporation has a 1-year low of $5.45 and a 1-year high of $17.45. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $52.86 billion, a price-to-earnings ratio of 65.89, a P/E/G ratio of 1.09 and a beta of 1.19. The company has a 50-day moving average of $10.24 and a 200 day moving average of $11.45.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business posted $0.04 earnings per share. Nokia’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Nokia Corporation will post 0.39 EPS for the current year.

Nokia Profile

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.