560,652 Shares in Nokia Corporation (NOK) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in shares of Nokia Corporation (NYSE:NOK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 560,652 shares of the technology company’s stock, valued at approximately $3,353,000.

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

Several equities analysts have recently commented on NOK shares. BidaskClub upgraded shares of Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Vetr lowered shares of Nokia Corporation from a “strong-buy” rating to a “buy” rating and set a $7.10 price target for the company. in a research report on Wednesday, July 12th. UBS Group AG (USA) restated a “buy” rating on shares of Nokia Corporation in a research report on Wednesday, September 20th. J P Morgan Chase & Co restated a “buy” rating on shares of Nokia Corporation in a research report on Friday, October 27th. Finally, BMO Capital Markets set a $6.00 price target on shares of Nokia Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.75.

Nokia Corporation (NYSE:NOK) opened at $4.97 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market cap of $29.36 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.14 and a beta of 1.24.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Nokia Corporation had a negative net margin of 2.09% and a positive return on equity of 9.88%. The company had revenue of $5.54 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $0.04 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. sell-side analysts forecast that Nokia Corporation will post 0.33 earnings per share for the current year.

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About Nokia Corporation

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.

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

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