ARGA Investment Management LP Purchases 12,734,021 Shares of Nokia Corporation $NOK

ARGA Investment Management LP raised its position in Nokia Corporation (NYSE:NOK) by 166.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 20,388,202 shares of the technology company’s stock after acquiring an additional 12,734,021 shares during the period. Nokia comprises 5.4% of ARGA Investment Management LP’s portfolio, making the stock its 7th biggest position. ARGA Investment Management LP’s holdings in Nokia were worth $163,921,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Analog Century Management LP acquired a new stake in shares of Nokia in the fourth quarter valued at approximately $104,244,000. Arrowstreet Capital Limited Partnership boosted its holdings in Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after purchasing an additional 14,482,665 shares during the last quarter. Pzena Investment Management LLC grew its position in Nokia by 14.5% in 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 purchasing an additional 11,612,590 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after purchasing an additional 11,035,002 shares in the last quarter. Finally, Defiance ETFs LLC acquired a new stake in Nokia in the 4th quarter valued at $57,801,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia announced expanded work with NestAI to build AI-enabled defense capabilities using resilient connectivity, deployable 5G, and sensing technologies. The deal highlights Nokia’s push into higher-growth defense and AI network opportunities, which could improve investor sentiment. Nokia and NestAI build capability for AI-enabled defense operations with resilient connectivity in denied environments
• Neutral Sentiment: Reuters noted broader market chatter around “meme” and theme-driven trading, but this was not specific to Nokia and is unlikely to be a direct driver of the stock. Meme ETF rally leaves many underwater
• Neutral Sentiment: Nokia also drew valuation-focused coverage after a sharp pullback, with one piece arguing the stock may be fairly valued while another said it could still be undervalued on AI network optimism. That mixed assessment suggests the market is still debating how much upside is already priced in. Is Nokia Oyj (HLSE:NOKIA) Fairly Valued As Leadership Changes Meet A Sharp Pullback? Nokia (HLSE:NOKIA) Stock May Be 12% Undervalued On Fresh AI Network News
• Negative Sentiment: Nokia disclosed that FMR LLC’s indirect holdings fell below 5%, which may signal reduced institutional ownership and can be viewed as a modest headwind for sentiment. Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of FMR LLC in Nokia Corporation decreased below 5%

Nokia Trading Down 3.5%

NOK stock opened at $12.45 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The company has a fifty day moving average price of $13.96 and a two-hundred day moving average price of $9.99. Nokia Corporation has a one year low of $4.00 and a one year high of $17.45. The stock has a market cap of $71.46 billion, a price-to-earnings ratio of 77.79, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, April 27th. Nordea Equity Research raised Nokia from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. Danske upgraded Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Finally, Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, April 13th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.57.

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.