Tocqueville Asset Management L.P. raised its stake in Nokia Corp. (NYSE:NOK) by 94.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,181,695 shares of the technology company’s stock after buying an additional 1,059,645 shares during the period. Tocqueville Asset Management L.P.’s holdings in Nokia Corp. were worth $12,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NOK. Capital Fund Management S.A. purchased a new stake in shares of Nokia Corp. during the second quarter valued at $3,982,000. Stoneridge Investment Partners LLC increased its stake in shares of Nokia Corp. by 17.5% in the second quarter. Stoneridge Investment Partners LLC now owns 658,881 shares of the technology company’s stock valued at $3,749,000 after buying an additional 98,194 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Nokia Corp. during the second quarter valued at $454,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Nokia Corp. during the second quarter valued at $166,000. Finally, Diligent Investors LLC purchased a new stake in shares of Nokia Corp. during the second quarter valued at $165,000. 4.28% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Nokia Corp. (NYSE:NOK)

Nokia Corp. (NYSE:NOK) traded up 0.40% during midday trading on Friday, reaching $4.96. 7,040,305 shares of the company’s stock traded hands. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 27.40 and a beta of 1.47. The company’s 50-day moving average price is $5.62 and its 200 day moving average price is $5.67. Nokia Corp. has a 52 week low of $4.88 and a 52 week high of $7.63.

Nokia Corp. (NYSE:NOK) last posted its quarterly earnings data on Thursday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Nokia Corp. had a net margin of 4.13% and a return on equity of 7.60%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 91.3% on a year-over-year basis. On average, equities research analysts expect that Nokia Corp. will post $0.20 earnings per share for the current year.

Several analysts have recently weighed in on the stock. Vetr downgraded shares of Nokia Corp. from a “buy” rating to a “hold” rating and set a $5.92 target price on the stock. in a report on Wednesday, July 13th. Zacks Investment Research downgraded shares of Nokia Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $6.00 target price (down previously from $7.00) on shares of Nokia Corp. in a report on Thursday. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $5.65 target price on shares of Nokia Corp. in a report on Thursday. Finally, Goldman Sachs Group Inc. downgraded shares of Nokia Corp. from a “conviction-buy” rating to a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.73.

Nokia Corp. Company Profile

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.

5 Day Chart for NYSE:NOK

Receive News & Stock Ratings for Nokia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Corp. and related stocks with our FREE daily email newsletter.