Bayesian Capital Management LP boosted its stake in shares of Nokia Corporation (NYSE:NOK) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,000 shares of the technology company’s stock after buying an additional 15,100 shares during the period. Bayesian Capital Management LP’s holdings in Nokia Corporation were worth $511,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in Nokia Corporation by 0.6% during the 1st quarter. Stifel Financial Corp now owns 107,834 shares of the technology company’s stock valued at $583,000 after buying an additional 691 shares during the period. Greenleaf Trust grew its position in Nokia Corporation by 2.4% in the 2nd quarter. Greenleaf Trust now owns 33,585 shares of the technology company’s stock valued at $207,000 after acquiring an additional 801 shares during the last quarter. Nationwide Fund Advisors grew its position in Nokia Corporation by 1.7% in the 2nd quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock valued at $323,000 after acquiring an additional 900 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Nokia Corporation by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 82,075 shares of the technology company’s stock valued at $445,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in Nokia Corporation by 8.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors own 5.85% of the company’s stock.

Several equities analysts have commented on NOK shares. Bank of America Corporation reaffirmed a “neutral” rating on shares of Nokia Corporation in a research report on Friday, June 2nd. Vetr raised Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 price objective on the stock in a research report on Monday, September 25th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $5.75 price objective on shares of Nokia Corporation in a research report on Thursday, July 6th. Societe Generale started coverage on Nokia Corporation in a research report on Wednesday, June 14th. They issued a “buy” rating on the stock. Finally, BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.91.

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Shares of Nokia Corporation (NOK) traded up 1.36% during midday trading on Friday, reaching $5.98. The company had a trading volume of 9,594,693 shares. The company’s 50 day moving average price is $6.25 and its 200-day moving average price is $6.01. The company’s market capitalization is $33.80 billion. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. On average, equities research analysts predict that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

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.

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

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