US Bancorp DE raised its stake in Nokia Corporation (NYSE:NOK) by 19.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,571 shares of the technology company’s stock after buying an additional 14,609 shares during the period. US Bancorp DE’s holdings in Nokia Corporation were worth $545,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. increased its stake in shares of Nokia Corporation by 108.2% in the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock valued at $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Stelliam Investment Management LP acquired a new stake in shares of Nokia Corporation during the first quarter valued at about $34,268,000. Ariel Investments LLC increased its stake in shares of Nokia Corporation by 21.1% in the first quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock valued at $175,462,000 after buying an additional 5,650,498 shares in the last quarter. TCW Group Inc. increased its stake in shares of Nokia Corporation by 287.8% in the first quarter. TCW Group Inc. now owns 3,765,373 shares of the technology company’s stock valued at $20,409,000 after buying an additional 2,794,357 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Nokia Corporation by 23.6% in the first quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock valued at $66,145,000 after buying an additional 2,331,892 shares in the last quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Nokia Corporation (NOK) traded up 0.16% on Wednesday, hitting $6.34. The company had a trading volume of 3,602,934 shares. The firm has a 50 day moving average of $6.30 and a 200-day moving average of $5.80. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $6.65. The firm’s market capitalization is $35.83 billion.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. Nokia Corporation’s revenue was up .8% on a year-over-year basis. On average, equities analysts predict that Nokia Corporation will post $0.29 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/16/nokia-corporation-nok-shares-bought-by-us-bancorp-de.html.

Several equities research analysts recently issued reports on NOK shares. Zacks Investment Research raised Nokia Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. BMO Capital Markets reissued a “market perform” rating and issued a $6.00 price objective on shares of Nokia Corporation in a research note on Wednesday, May 24th. Credit Suisse Group reissued an “outperform” rating and issued a $5.75 price objective on shares of Nokia Corporation in a research note on Thursday, July 6th. Finally, Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.08 price objective for the company in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Nokia Corporation presently has an average rating of “Hold” and a consensus target price of $5.97.

About Nokia Corporation

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Corporation (NYSE:NOK).

Institutional Ownership by Quarter for Nokia Corporation (NYSE:NOK)

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