Proficio Capital Partners LLC Sells 105,750 Shares of Nokia Oyj (NYSE:NOK)

Proficio Capital Partners LLC reduced its position in shares of Nokia Oyj (NYSE:NOK) by 56.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 82,200 shares of the technology company’s stock after selling 105,750 shares during the period. Proficio Capital Partners LLC’s holdings in Nokia Oyj were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake in Nokia Oyj by 60.2% during the 3rd quarter. Natixis Advisors LLC now owns 208,696 shares of the technology company’s stock valued at $912,000 after purchasing an additional 78,391 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Nokia Oyj by 49.6% during the third quarter. Advisors Asset Management Inc. now owns 287,364 shares of the technology company’s stock valued at $1,256,000 after buying an additional 95,279 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Nokia Oyj by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 346,358 shares of the technology company’s stock worth $1,514,000 after acquiring an additional 91,459 shares in the last quarter. Cerity Partners LLC increased its position in shares of Nokia Oyj by 72.1% during the third quarter. Cerity Partners LLC now owns 126,144 shares of the technology company’s stock worth $551,000 after acquiring an additional 52,855 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Nokia Oyj in the third quarter worth approximately $62,000. Institutional investors own 5.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NOK. JPMorgan Chase & Co. cut their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Craig Hallum increased their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Nokia Oyj currently has a consensus rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Stock Performance

Shares of NOK opened at $5.34 on Wednesday. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The stock’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $4.60. The firm has a market cap of $29.12 billion, a PE ratio of 21.36, a PEG ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, equities research analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.