Brinker Capital Investments LLC Sells 3,560 Shares of Nokia Oyj (NYSE:NOK)

Brinker Capital Investments LLC trimmed its position in shares of Nokia Oyj (NYSE:NOKGet Rating) by 2.8% during the third quarter, HoldingsChannel reports. The firm owned 122,143 shares of the technology company’s stock after selling 3,560 shares during the quarter. Brinker Capital Investments LLC’s holdings in Nokia Oyj were worth $522,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Henry James International Management Inc. lifted its position in Nokia Oyj by 14.1% in the 3rd quarter. Henry James International Management Inc. now owns 1,070,244 shares of the technology company’s stock valued at $4,570,000 after acquiring an additional 132,359 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Nokia Oyj by 13.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 27,805 shares of the technology company’s stock valued at $119,000 after acquiring an additional 3,400 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Nokia Oyj by 36.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 79,295 shares of the technology company’s stock valued at $339,000 after acquiring an additional 21,278 shares in the last quarter. Hall Private Wealth Advisors lifted its position in Nokia Oyj by 1.4% in the 3rd quarter. Hall Private Wealth Advisors now owns 525,629 shares of the technology company’s stock valued at $2,244,000 after acquiring an additional 7,081 shares in the last quarter. Finally, Stonegate Investment Group LLC increased its stake in Nokia Oyj by 0.7% in the 3rd quarter. Stonegate Investment Group LLC now owns 6,006,321 shares of the technology company’s stock valued at $25,647,000 after buying an additional 41,732 shares during the last quarter. 7.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Nokia Oyj from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, October 21st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nokia Oyj from €6.00 ($6.52) to €5.50 ($5.98) and set a “buy” rating on the stock in a research note on Wednesday, November 9th. DNB Markets lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Societe Generale lowered their price target on shares of Nokia Oyj from €5.80 ($6.30) to €5.40 ($5.87) and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Finally, Barclays lowered their price target on shares of Nokia Oyj from €5.60 ($6.09) to €5.30 ($5.76) in a research note on Monday, October 24th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.81.

Nokia Oyj Stock Down 1.7 %

Shares of NOK opened at $4.55 on Wednesday. Nokia Oyj has a 52 week low of $4.08 and a 52 week high of $6.00. The firm has a market cap of $25.63 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 5.85 and a beta of 0.90. The firm’s 50-day simple moving average is $4.78 and its 200 day simple moving average is $4.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.60.

Nokia Oyj Company Profile

(Get Rating)

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.

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

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