Syon Capital LLC Acquires Shares of 13,426 Nokia Oyj (NYSE:NOK)

Syon Capital LLC acquired a new stake in shares of Nokia Oyj (NYSE:NOK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,426 shares of the technology company’s stock, valued at approximately $46,000.

Several other large investors have also bought and sold shares of the company. Artisan Partners Limited Partnership boosted its position in Nokia Oyj by 10.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 101,681,755 shares of the technology company’s stock valued at $380,290,000 after acquiring an additional 9,908,461 shares in the last quarter. Pzena Investment Management LLC boosted its position in Nokia Oyj by 13,524.2% during the 3rd quarter. Pzena Investment Management LLC now owns 42,791,256 shares of the technology company’s stock valued at $160,039,000 after acquiring an additional 42,477,173 shares in the last quarter. Walleye Capital LLC bought a new stake in Nokia Oyj during the 3rd quarter valued at approximately $12,591,000. FMR LLC boosted its position in Nokia Oyj by 4.3% during the 3rd quarter. FMR LLC now owns 2,181,834 shares of the technology company’s stock valued at $8,160,000 after acquiring an additional 90,895 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Nokia Oyj by 30.4% during the 3rd quarter. Deutsche Bank AG now owns 1,221,580 shares of the technology company’s stock valued at $4,569,000 after acquiring an additional 285,076 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NOK. JPMorgan Chase & Co. cut their price objective on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, BNP Paribas initiated coverage on Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.42.

Nokia Oyj Stock Performance

NOK stock opened at $3.65 on Monday. The stock has a market capitalization of $20.56 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.36. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $3.55 and its 200 day simple moving average is $3.47.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. During the same period last year, the company posted $0.16 earnings per share. As a group, research analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.