Pacer Advisors Inc. lifted its position in shares of Nokia Corporation (NYSE:NOK) by 319.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,717 shares of the technology company’s stock after buying an additional 48,531 shares during the period. Pacer Advisors Inc.’s holdings in Nokia Corporation were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOK. Alliancebernstein L.P. increased its holdings in shares of Nokia Corporation by 108.2% during the 1st quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock worth $112,821,000 after buying an additional 10,817,897 shares during the last quarter. Stelliam Investment Management LP acquired a new stake in shares of Nokia Corporation during the 1st quarter worth approximately $34,268,000. Ariel Investments LLC increased its holdings in shares of Nokia Corporation by 21.1% during the 1st quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock worth $175,462,000 after buying an additional 5,650,498 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Nokia Corporation by 287.8% during the 1st quarter. TCW Group Inc. now owns 3,765,373 shares of the technology company’s stock worth $20,409,000 after buying an additional 2,794,357 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Nokia Corporation by 23.6% during the 1st quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock worth $66,145,000 after buying an additional 2,331,892 shares during the last quarter. Institutional investors and hedge funds own 5.86% of the company’s stock.

A number of analysts have recently issued reports on NOK shares. Canaccord Genuity restated a “hold” rating and set a $6.00 price target on shares of Nokia Corporation in a report on Monday, May 15th. BMO Capital Markets restated a “market perform” rating and set a $6.00 price target on shares of Nokia Corporation in a report on Wednesday, May 24th. Bank of America Corporation restated a “neutral” rating on shares of Nokia Corporation in a report on Friday, June 2nd. Citigroup Inc. started coverage on shares of Nokia Corporation in a report on Thursday, June 8th. They set a “neutral” rating and a $6.00 price target for the company. Finally, Societe Generale started coverage on shares of Nokia Corporation in a report on Wednesday, June 14th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.97.

Nokia Corporation (NOK) opened at 5.99 on Monday. The firm has a 50-day moving average of $6.28 and a 200 day moving average of $5.95. The stock’s market cap is $33.85 billion. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65.

Nokia Corporation (NYSE:NOK) last released its quarterly earnings data 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 negative net margin of 1.78% and a positive return on equity of 8.20%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Nokia Corporation will post $0.30 EPS for the current year.

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Nokia Corporation Profile

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.

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

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