Nokia Oyj (NYSE:NOK) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in Nokia Oyj (NYSE:NOK) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,070 shares of the technology company’s stock after purchasing an additional 4,761 shares during the period. First Trust Direct Indexing L.P.’s holdings in Nokia Oyj were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its position in shares of Nokia Oyj by 8.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 123,827 shares of the technology company’s stock worth $463,000 after acquiring an additional 10,108 shares in the last quarter. Advisor Partners II LLC boosted its holdings in shares of Nokia Oyj by 57.6% in the third quarter. Advisor Partners II LLC now owns 46,640 shares of the technology company’s stock valued at $174,000 after acquiring an additional 17,037 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at $93,000. Northwest Bancshares Inc. purchased a new stake in Nokia Oyj in the 3rd quarter valued at $92,000. Finally, Cable Hill Partners LLC purchased a new position in Nokia Oyj during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.4 %

Shares of NYSE:NOK opened at $3.74 on Wednesday. The company has a 50 day moving average of $3.57 and a 200-day moving average of $3.49. The firm has a market cap of $21.04 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.18 and a beta of 1.07. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. BNP Paribas assumed coverage on Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.42.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.