Murphy Pohlad Asset Management LLC Has $2.86 Million Stake in Nokia Oyj (NYSE:NOK)

Murphy Pohlad Asset Management LLC reduced its stake in Nokia Oyj (NYSE:NOK) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 654,040 shares of the technology company’s stock after selling 23,780 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Nokia Oyj were worth $2,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NOK. Allspring Global Investments Holdings LLC bought a new stake in shares of Nokia Oyj in the first quarter valued at approximately $35,000. GAMMA Investing LLC boosted its stake in shares of Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after buying an additional 3,427 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Nokia Oyj in the second quarter valued at approximately $39,000. ORG Partners LLC bought a new stake in shares of Nokia Oyj in the first quarter valued at approximately $40,000. Finally, Occidental Asset Management LLC bought a new stake in shares of Nokia Oyj in the second quarter valued at approximately $40,000. 5.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NOK. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of “Hold” and a consensus target price of $4.56.

Nokia Oyj Stock Up 0.4 %

Shares of NOK opened at $4.73 on Friday. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 59.13, a PEG ratio of 6.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.72. The stock has a fifty day moving average of $4.42 and a 200-day moving average of $4.02.

Nokia Oyj Company 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.