Nokia Corporation $NOK Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its holdings in shares of Nokia Corporation (NYSE:NOK) by 78.3% in the 4th quarter, Holdings Channel reports. The fund owned 20,891 shares of the technology company’s stock after selling 75,179 shares during the period. Coldstream Capital Management Inc.’s holdings in Nokia were worth $135,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Pzena Investment Management LLC grew its stake in shares of Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock valued at $208,873,000 after acquiring an additional 14,482,665 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Nokia by 14.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 14,489,705 shares of the technology company’s stock valued at $93,749,000 after acquiring an additional 1,834,562 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Nokia by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock valued at $66,140,000 after acquiring an additional 1,002,033 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Nokia by 38.0% during the third quarter. Penserra Capital Management LLC now owns 7,760,500 shares of the technology company’s stock valued at $37,328,000 after acquiring an additional 2,136,545 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Stock Performance

Shares of NOK stock opened at $14.80 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. Nokia Corporation has a one year low of $4.00 and a one year high of $16.63. The company’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $8.42. The stock has a market capitalization of $84.99 billion, a price-to-earnings ratio of 92.51, a PEG ratio of 2.87 and a beta of 1.15.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.05%. The business had revenue of $5.21 billion for the quarter. Equities analysts anticipate that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Northland Securities set a $13.00 target price on Nokia in a research note on Monday, April 20th. Morgan Stanley restated an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Finally, The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.71.

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.