Nokia Corporation $NOK Position Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC grew its holdings in shares of Nokia Corporation (NYSE:NOK) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,942,507 shares of the technology company’s stock after purchasing an additional 11,612,590 shares during the period. Nokia makes up 1.8% of Pzena Investment Management LLC’s portfolio, making the stock its 23rd biggest holding. Pzena Investment Management LLC’s holdings in Nokia were worth $594,868,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,721 shares in the last quarter. Wexford Capital LP bought a new position in shares of Nokia during the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC boosted its position in shares of Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after purchasing an additional 4,684 shares in the last quarter. Dorato Capital Management bought a new position in shares of Nokia during the 4th quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Nokia during the 3rd quarter valued at about $34,000. Institutional investors own 5.28% of the company’s stock.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia launched an AI Networking Innovation Lab to co-develop and validate next-generation data center networking technologies for AI training and inference, which could support future demand for its high-performance networking products. Article Title
• Positive Sentiment: The company is being viewed as an AI infrastructure beneficiary, with multiple reports highlighting its push into AI-native data center networking and a broader pivot beyond traditional telecom equipment. Article Title
• Positive Sentiment: Sentiment around Nokia has improved further after commentary that Nvidia’s backing and the AI networking theme could help extend the stock’s rally, reinforcing momentum-buying interest. Article Title
• Positive Sentiment: Unusual call-option buying suggests traders are positioning for more upside in Nokia shares in the near term. Article Title
• Neutral Sentiment: Zacks flagged Nokia as a strong momentum stock, which reflects recent price strength rather than a new fundamental catalyst. Article Title
• Neutral Sentiment: Nokia also announced a Vodafone AWS cloud IoT trial, which adds to its partnership pipeline but is less immediately material than the AI lab launch. Article Title

Nokia Price Performance

NYSE NOK opened at $14.18 on Friday. The company has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $8.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The firm has a market capitalization of $81.40 billion, a price-to-earnings ratio of 88.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. Nokia Corporation has a 52-week low of $4.00 and a 52-week high of $15.19.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.21 billion during the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. Equities research analysts predict that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th were given a $0.0468 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, April 28th. Nokia’s payout ratio is currently 81.25%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOK shares. Arete Research upgraded shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a report on Friday, May 15th. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, April 27th. Danske cut shares of Nokia from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Santander upgraded shares of Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nokia currently has a consensus rating of “Moderate Buy” and an average price target of $9.71.

About Nokia

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.