Nokia Corporation $NOK Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in shares of Nokia Corporation (NYSE:NOK) by 561.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,114 shares of the technology company’s stock after purchasing an additional 46,779 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Nokia were worth $285,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Nokia during the 1st quarter valued at about $45,207,000. Deutsche Bank AG raised its stake in shares of Nokia by 129.4% during the first quarter. Deutsche Bank AG now owns 8,572,860 shares of the technology company’s stock valued at $45,179,000 after purchasing an additional 4,835,005 shares during the period. Millennium Management LLC lifted its position in shares of Nokia by 6,539.2% during the first quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock worth $14,975,000 after purchasing an additional 2,798,758 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Nokia in the second quarter valued at $14,260,000. Finally, Artisan Partners Limited Partnership grew its holdings in Nokia by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 108,136,988 shares of the technology company’s stock valued at $560,150,000 after purchasing an additional 1,957,524 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

NOK has been the topic of a number of recent analyst reports. Santander lowered shares of Nokia to a “neutral” rating in a report on Wednesday, October 29th. Jefferies Financial Group upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on Nokia from $6.00 to $7.10 and gave the company an “overweight” rating in a research note on Friday, October 24th. Northland Securities set a $7.50 price objective on Nokia in a report on Friday, October 24th. Finally, UBS Group reiterated a “neutral” rating on shares of Nokia in a research note on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.97.

Nokia Stock Performance

Shares of NYSE NOK opened at $6.07 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.46 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $5.18. Nokia Corporation has a 52-week low of $4.00 and a 52-week high of $8.19. The stock has a market capitalization of $33.85 billion, a P/E ratio of 33.72 and a beta of 0.84.

Nokia (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the prior year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Nokia Corporation will post 0.34 earnings per share for the current year.

Nokia 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.