Russell Investments Group Ltd. trimmed its position in Nokia Corporation (NYSE:NOK) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,648,277 shares of the technology company’s stock after selling 1,508,243 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Nokia Corporation worth $57,677,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Greenleaf Trust boosted its position in Nokia Corporation by 2.4% in the second quarter. Greenleaf Trust now owns 33,585 shares of the technology company’s stock worth $207,000 after purchasing an additional 801 shares during the last quarter. Nationwide Fund Advisors boosted its position in Nokia Corporation by 1.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after purchasing an additional 900 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its position in Nokia Corporation by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock worth $142,000 after purchasing an additional 1,801 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Nokia Corporation by 3.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,153 shares of the technology company’s stock worth $629,000 after purchasing an additional 3,327 shares during the last quarter. Finally, American Asset Management Inc. boosted its position in Nokia Corporation by 7.2% in the second quarter. American Asset Management Inc. now owns 55,477 shares of the technology company’s stock worth $342,000 after purchasing an additional 3,717 shares during the last quarter. 5.87% of the stock is currently owned by institutional investors and hedge funds.

Nokia Corporation (NYSE:NOK) traded up $0.02 during midday trading on Friday, hitting $4.94. The stock had a trading volume of 8,117,695 shares, compared to its average volume of 13,532,123. The company has a market cap of $28,750.00, a P/E ratio of 13.42, a P/E/G ratio of 1.09 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. Nokia Corporation has a 52-week low of $4.13 and a 52-week high of $6.65.

Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. research analysts expect that Nokia Corporation will post 0.33 EPS for the current fiscal year.

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Several brokerages have issued reports on NOK. BNP Paribas raised Nokia Corporation from an “underperform” rating to a “neutral” rating in a research report on Tuesday, November 7th. Argus cut Nokia Corporation from a “buy” rating to a “hold” rating and raised their target price for the stock from $4.76 to $4.91 in a research report on Monday, October 30th. Canaccord Genuity dropped their target price on Nokia Corporation from $7.00 to $5.50 and set a “hold” rating on the stock in a research report on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating on shares of Nokia Corporation in a research report on Friday, October 27th. Finally, Vetr raised Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 target price on the stock in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.75.

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.

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

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