ABN Amro Investment Solutions Acquires 282,240 Shares of Nokia Corporation $NOK

ABN Amro Investment Solutions increased its holdings in Nokia Corporation (NYSE:NOK) by 38.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,016,817 shares of the technology company’s stock after buying an additional 282,240 shares during the quarter. ABN Amro Investment Solutions’ holdings in Nokia were worth $4,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Naviter Wealth LLC boosted its holdings in shares of Nokia by 4.6% during the 3rd quarter. Naviter Wealth LLC now owns 70,168 shares of the technology company’s stock valued at $338,000 after acquiring an additional 3,064 shares during the last quarter. Assetmark Inc. boosted its holdings in Nokia by 28.3% in the third quarter. Assetmark Inc. now owns 12,362 shares of the technology company’s stock worth $59,000 after purchasing an additional 2,727 shares during the last quarter. Caprock Group LLC bought a new stake in Nokia in the 3rd quarter worth approximately $447,000. Waterfront Wealth Inc. raised its stake in Nokia by 3.7% during the 3rd quarter. Waterfront Wealth Inc. now owns 698,125 shares of the technology company’s stock valued at $3,358,000 after buying an additional 24,775 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Nokia by 6.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 51,334 shares of the technology company’s stock valued at $241,000 after buying an additional 2,984 shares during the period. Institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NOK shares. Danske raised Nokia from a “hold” rating to a “buy” rating in a report on Friday, November 21st. Kepler Capital Markets raised shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating on shares of Nokia in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Nokia from $7.10 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Finally, Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.01.

Nokia Stock Performance

Shares of NYSE:NOK opened at $7.04 on Monday. The firm has a fifty day simple moving average of $6.59 and a two-hundred day simple moving average of $5.76. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $40.40 billion, a P/E ratio of 54.12, a PEG ratio of 2.57 and a beta of 0.81. Nokia Corporation has a 52 week low of $4.00 and a 52 week high of $8.19.

Nokia Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.