Commerzbank Aktiengesellschaft FI Has $1.20 Million Holdings in Nokia Corporation (NOK)

Commerzbank Aktiengesellschaft FI raised its stake in shares of Nokia Corporation (NYSE:NOK) by 272.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,826 shares of the technology company’s stock after buying an additional 146,152 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Nokia were worth $1,195,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Tiedemann Wealth Management LLC acquired a new stake in Nokia during the 3rd quarter valued at $114,000. Pacer Advisors Inc. lifted its stake in shares of Nokia by 29.5% during the 3rd quarter. Pacer Advisors Inc. now owns 82,497 shares of the technology company’s stock worth $493,000 after purchasing an additional 18,780 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of Nokia by 72.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 1,076,008 shares of the technology company’s stock worth $6,434,000 after purchasing an additional 450,730 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Nokia by 488.9% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 205,814 shares of the technology company’s stock worth $1,231,000 after purchasing an additional 170,868 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Nokia by 8.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 562,821 shares of the technology company’s stock worth $3,365,000 after purchasing an additional 42,584 shares during the period. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Nokia Corporation (NYSE NOK) traded down $0.09 during trading hours on Friday, reaching $4.63. The company’s stock had a trading volume of 15,909,600 shares, compared to its average volume of 13,532,532. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. Nokia Corporation has a one year low of $4.50 and a one year high of $6.65. The stock has a market capitalization of $27,547.18, a price-to-earnings ratio of 13.11, a PEG ratio of 1.07 and a beta of 1.27.

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

NOK has been the topic of a number of recent analyst reports. BNP Paribas lowered Nokia from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $5.00 to $3.90 in a research note on Monday. Vetr raised Nokia from a “hold” rating to a “buy” rating and set a $6.37 price target on the stock in a research note on Monday, September 25th. Argus lowered Nokia from a “buy” rating to a “hold” rating and increased their price target for the stock from $4.76 to $4.91 in a research note on Monday, October 30th. J P Morgan Chase & Co reissued a “buy” rating on shares of Nokia in a research note on Friday, October 27th. Finally, UBS reissued a “buy” rating on shares of Nokia in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. Nokia currently has a consensus rating of “Hold” and a consensus price target of $5.72.

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Nokia 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.

Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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