West Tower Group LLC Sells 10,000 Shares of Nokia Oyj (NYSE:NOK)

West Tower Group LLC cut its position in shares of Nokia Oyj (NYSE:NOK) by 10.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 90,000 shares of the technology company’s stock after selling 10,000 shares during the period. West Tower Group LLC’s holdings in Nokia Oyj were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOK. Pzena Investment Management LLC lifted its stake in shares of Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares during the last quarter. FMR LLC lifted its stake in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC lifted its stake in shares of Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after purchasing an additional 70,100 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Nokia Oyj by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock valued at $3,442,000 after purchasing an additional 12,034 shares during the last quarter. Finally, Leuthold Group LLC bought a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $3,404,000. 5.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NOK shares. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum increased their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Trading Up 0.6 %

NOK opened at $5.43 on Wednesday. The stock’s fifty day moving average is $4.84 and its two-hundred day moving average is $4.57. The company has a market capitalization of $29.58 billion, a P/E ratio of 21.70, a PEG ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current year.

About Nokia Oyj

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.