Miles Capital Inc. continued to hold its stake in shares of Nokia Corporation (NYSE:NOK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,825 shares of the technology company’s stock at the close of the 2nd quarter. Miles Capital Inc.’s holdings in Nokia Corporation were worth $110,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NOK. Nationwide Fund Advisors grew its holdings in Nokia Corporation by 3.8% during the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the technology company’s stock worth $279,000 after purchasing an additional 1,900 shares during the period. Wells Fargo & Company MN increased its position in Nokia Corporation by 216.6% during the first quarter. Wells Fargo & Company MN now owns 819,744 shares of the technology company’s stock worth $4,443,000 after buying an additional 560,797 shares during the last quarter. First Trust Advisors LP increased its position in Nokia Corporation by 10.7% during the first quarter. First Trust Advisors LP now owns 750,118 shares of the technology company’s stock worth $4,066,000 after buying an additional 72,290 shares during the last quarter. US Bancorp DE increased its position in Nokia Corporation by 21.3% during the first quarter. US Bancorp DE now owns 73,962 shares of the technology company’s stock worth $401,000 after buying an additional 12,963 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Nokia Corporation by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 225,237 shares of the technology company’s stock worth $1,221,000 after buying an additional 12,008 shares during the last quarter. Institutional investors and hedge funds own 5.85% of the company’s stock.

Nokia Corporation (NOK) traded down 0.251% during midday trading on Tuesday, reaching $5.965. 2,600,178 shares of the company traded hands. Nokia Corporation has a one year low of $4.04 and a one year high of $6.65. The firm’s market capitalization is $33.71 billion. The firm has a 50-day moving average price of $6.13 and a 200-day moving average price of $6.05.

Nokia Corporation (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Equities analysts predict that Nokia Corporation will post $0.30 EPS for the current fiscal year.

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A number of research analysts recently weighed in on NOK shares. Citigroup Inc. started coverage on Nokia Corporation in a report on Thursday, June 8th. They set a “neutral” rating and a $6.00 target price on the stock. Zacks Investment Research cut Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price target for the company in a report on Wednesday, August 9th. Societe Generale started coverage on Nokia Corporation in a report on Wednesday, June 14th. They set a “buy” rating for the company. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Nokia Corporation in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. Nokia Corporation currently has a consensus rating of “Hold” and an average price target of $5.91.

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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