Nokia Oyj (NYSE:NOK) Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC reduced its stake in shares of Nokia Oyj (NYSE:NOK) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 624,599 shares of the technology company’s stock after selling 29,441 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Nokia Oyj were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after acquiring an additional 3,427 shares during the period. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj in the third quarter valued at approximately $44,000. Alternative Investment Advisors LLC. acquired a new position in Nokia Oyj in the 2nd quarter worth approximately $45,000. JGP Wealth Management LLC purchased a new position in Nokia Oyj during the 3rd quarter worth approximately $45,000. Finally, PEAK6 Investments LLC acquired a new stake in Nokia Oyj during the 3rd quarter valued at approximately $45,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.44 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $24.18 billion, a P/E ratio of 55.44, a P/E/G ratio of 5.72 and a beta of 1.06. The business’s 50 day moving average is $4.42 and its two-hundred day moving average is $4.32. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. Analysts expect that Nokia Oyj will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NOK. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Northland Securities reissued an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a report on Friday, October 18th. Finally, Craig Hallum upped their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.86.

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.