Artisan Partners Limited Partnership Reduces $121M in Nokia Oyj ($NOK)
Key Points
- Artisan Partners Limited Partnership changed its Nokia Oyj ($NOK) stake by 8.2% last quarter, cutting to 91,298,033 shares worth $1.35 billion.
- Wall Street's consensus rating on $NOK is Buy and an average price target of $14.11.
- $NOK last traded around $14.79.
Artisan Partners Limited Partnership trimmed its position in Nokia Oyj ($NOK) by 8.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,298,033 shares of Nokia Oyj after selling 8,179,137 shares during the quarter. Artisan Partners Limited Partnership's holdings in Nokia Oyj were worth $1.35 billion as of its most recent filing.
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About Nokia Oyj
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP edge routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
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