Tocqueville Asset Management L.P. Acquires 589,445 Shares of Nokia Corporation (NOK)

Tocqueville Asset Management L.P. raised its holdings in shares of Nokia Corporation (NYSE:NOK) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,016,291 shares of the technology company’s stock after acquiring an additional 589,445 shares during the period. Tocqueville Asset Management L.P. owned about 0.07% of Nokia Corporation worth $24,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Institute for Wealth Management LLC. bought a new position in shares of Nokia Corporation in the second quarter worth approximately $116,000. Smithbridge Asset Management Inc. DE bought a new position in shares of Nokia Corporation in the second quarter worth approximately $119,000. Geneva Advisors LLC bought a new position in shares of Nokia Corporation in the second quarter worth approximately $125,000. Cutter & CO Brokerage Inc. grew its holdings in shares of Nokia Corporation by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock worth $142,000 after purchasing an additional 1,801 shares during the last quarter. Finally, First Command Bank grew its holdings in shares of Nokia Corporation by 100.0% in the second quarter. First Command Bank now owns 25,788 shares of the technology company’s stock worth $158,000 after purchasing an additional 12,894 shares during the last quarter. Institutional investors and hedge funds own 5.85% of the company’s stock.

NOK has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Nokia Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Nokia Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Credit Suisse Group restated an “outperform” rating and issued a $5.75 target price on shares of Nokia Corporation in a report on Thursday, July 6th. Vetr upgraded shares of Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.08 target price on the stock in a report on Wednesday, July 5th. Finally, UBS AG restated a “buy” rating on shares of Nokia Corporation in a report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. Nokia Corporation currently has an average rating of “Hold” and an average target price of $5.75.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The business had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company earned $0.04 EPS. The business’s revenue was down 7.0% compared to the same quarter last year.

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Nokia Corporation Company Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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

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