Nokia Corporation $NOK Shares Purchased by Harvey Partners LLC

Harvey Partners LLC boosted its position in shares of Nokia Corporation (NYSE:NOK) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,291,500 shares of the technology company’s stock after acquiring an additional 87,548 shares during the quarter. Nokia accounts for approximately 1.8% of Harvey Partners LLC’s investment portfolio, making the stock its 26th biggest position. Harvey Partners LLC owned 0.08% of Nokia worth $20,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NOK. Wealthcare Advisory Partners LLC acquired a new stake in shares of Nokia during the third quarter worth about $50,000. Park National Corp OH acquired a new position in shares of Nokia in the third quarter valued at approximately $51,000. EP Wealth Advisors LLC purchased a new stake in Nokia during the 2nd quarter worth approximately $54,000. Lido Advisors LLC acquired a new stake in Nokia during the 2nd quarter worth approximately $57,000. Finally, JGP Wealth Management LLC purchased a new position in Nokia in the 3rd quarter valued at approximately $57,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Morgan Stanley began coverage on Nokia in a report on Monday, February 9th. They issued an “overweight” rating and a $8.00 target price for the company. Arete Research downgraded Nokia from a “buy” rating to a “neutral” rating in a report on Friday. Santander raised Nokia from a “neutral” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, Kepler Capital Markets upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.01.

Nokia Stock Up 1.2%

Nokia stock opened at $8.24 on Monday. The stock’s fifty day moving average is $7.13 and its two-hundred day moving average is $6.26. The stock has a market cap of $47.29 billion, a PE ratio of 63.36, a P/E/G ratio of 3.01 and a beta of 0.79. Nokia Corporation has a 1-year low of $4.00 and a 1-year high of $8.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36.

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.