Arrowstreet Capital Limited Partnership increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 47.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,249,371 shares of the utilities provider’s stock after purchasing an additional 399,591 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.13% of PT Telekomunikasi Indonesia, Tbk worth $42,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its stake in PT Telekomunikasi Indonesia, Tbk by 7.5% during the second quarter. State Street Corp now owns 575,033 shares of the utilities provider’s stock worth $19,362,000 after purchasing an additional 40,022 shares during the period. Sensato Investors LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 1.9% during the second quarter. Sensato Investors LLC now owns 382,664 shares of the utilities provider’s stock worth $12,884,000 after purchasing an additional 7,100 shares during the period. Shelton Capital Management grew its stake in PT Telekomunikasi Indonesia, Tbk by 2.8% during the second quarter. Shelton Capital Management now owns 53,157 shares of the utilities provider’s stock worth $1,790,000 after purchasing an additional 1,464 shares during the period. Royal Bank of Canada grew its stake in PT Telekomunikasi Indonesia, Tbk by 28.4% during the second quarter. Royal Bank of Canada now owns 42,820 shares of the utilities provider’s stock worth $1,441,000 after purchasing an additional 9,474 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 1.7% during the second quarter. Goldman Sachs Group Inc. now owns 167,867 shares of the utilities provider’s stock worth $5,652,000 after purchasing an additional 2,874 shares during the period. 5.74% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on TLK shares. BidaskClub raised PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. UBS AG cut PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th.

PT Telekomunikasi Indonesia, Tbk (NYSE TLK) traded down 0.15% during midday trading on Monday, reaching $34.20. The company had a trading volume of 30,954 shares. PT Telekomunikasi Indonesia, Tbk has a one year low of $27.17 and a one year high of $36.19. The company has a 50-day moving average price of $35.16 and a 200-day moving average price of $33.67. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 20.12 and a beta of 0.59.

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PT Telekomunikasi Indonesia, Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

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Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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