Evergreen Capital Management LLC Sells 13,235 Shares of Nokia Oyj (NYSE:NOK)

Evergreen Capital Management LLC lessened its position in Nokia Oyj (NYSE:NOK) by 33.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,379 shares of the technology company’s stock after selling 13,235 shares during the period. Evergreen Capital Management LLC’s holdings in Nokia Oyj were worth $100,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise grew its holdings in Nokia Oyj by 48.2% during the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after purchasing an additional 3,000 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Nokia Oyj during the 1st quarter worth approximately $35,000. Checchi Capital Advisers LLC bought a new stake in Nokia Oyj in the 1st quarter valued at $35,000. Peapack Gladstone Financial Corp acquired a new stake in Nokia Oyj during the 4th quarter valued at $35,000. Finally, Simplicity Wealth LLC bought a new position in Nokia Oyj during the second quarter worth $39,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Trading Up 0.2 %

NOK stock opened at $4.37 on Friday. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.52. The company has a market capitalization of $24.13 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 5.27 and a beta of 1.12. The company’s 50-day simple moving average is $4.10 and its 200 day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $5.12 billion. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

NOK has been the topic of several research analyst reports. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective (up from $6.00) on shares of Nokia Oyj in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.54.

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.