Crossmark Global Holdings Inc. Purchases 4,943 Shares of Nokia Oyj (NYSE:NOK)

Crossmark Global Holdings Inc. boosted its position in shares of Nokia Oyj (NYSE:NOK) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,055 shares of the technology company’s stock after buying an additional 4,943 shares during the period. Crossmark Global Holdings Inc.’s holdings in Nokia Oyj were worth $1,680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Nokia Oyj by 1,012.3% during the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares during the period. Pzena Investment Management LLC raised its position in Nokia Oyj by 10.0% during the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares during the period. JPMorgan Chase & Co. raised its position in Nokia Oyj by 2,505.3% during the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after purchasing an additional 702,279 shares during the period. Bank of Montreal Can purchased a new stake in Nokia Oyj during the second quarter valued at approximately $2,501,000. Finally, Maverick Capital Ltd. purchased a new stake in Nokia Oyj during the second quarter valued at approximately $1,240,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Up 1.6 %

Shares of NYSE:NOK opened at $4.69 on Friday. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $4.95. The stock has a market cap of $25.55 billion, a P/E ratio of 58.58, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. The business’s 50 day moving average is $4.41 and its 200 day moving average is $4.30. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NOK. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a report on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $4.35 to $6.35 in a report on Monday, December 9th. Craig Hallum increased their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.

About Nokia Oyj

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.