80,000 Shares in Nokia Oyj (NOK) Acquired by Trellus Management Company LLC

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Trellus Management Company LLC purchased a new stake in shares of Nokia Oyj (NYSE:NOK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 80,000 shares of the technology company’s stock, valued at approximately $446,000.

A number of other large investors have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in 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 valued at $224,000 after buying an additional 9,657 shares during the period. Wells Fargo & Company MN boosted its position in Nokia Oyj by 3.5% in the 1st quarter. Wells Fargo & Company MN now owns 294,283 shares of the technology company’s stock valued at $1,609,000 after buying an additional 9,947 shares during the period. Guggenheim Capital LLC boosted its position in Nokia Oyj by 14.5% in the 1st quarter. Guggenheim Capital LLC now owns 86,972 shares of the technology company’s stock valued at $476,000 after buying an additional 10,991 shares during the period. AMG National Trust Bank boosted its position in Nokia Oyj by 2.2% in the 2nd quarter. AMG National Trust Bank now owns 530,620 shares of the technology company’s stock valued at $3,051,000 after buying an additional 11,516 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in 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 valued at $436,000 after buying an additional 12,155 shares during the period. Institutional investors own 6.94% of the company’s stock.

Several equities research analysts have issued reports on NOK shares. ValuEngine cut shares of Nokia Oyj from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of 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. Credit Suisse Group raised shares of Nokia Oyj from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $5.56 to $7.00 in a research report on Wednesday, September 19th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nokia Oyj in a research report on Monday, September 17th. Finally, Canaccord Genuity raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.92.

Shares of NOK opened at $5.94 on Thursday. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.41. The company has a market capitalization of $33.00 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.29 and a quick ratio of 1.05.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 25th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Nokia Oyj had a negative net margin of 4.12% and a positive return on equity of 8.03%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.56 billion. As a group, equities analysts expect that Nokia Oyj will post 0.26 EPS for the current year.

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About Nokia Oyj

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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