Cubist Systematic Strategies LLC bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,931 shares of the utilities provider’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp bought a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter worth about $372,000. Arrowstreet Capital Limited Partnership grew its position in PT Telekomunikasi Indonesia, Tbk by 47.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,249,371 shares of the utilities provider’s stock worth $42,066,000 after purchasing an additional 399,591 shares during the last quarter. Aperio Group LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 3.5% in the 3rd quarter. Aperio Group LLC now owns 730,182 shares of the utilities provider’s stock worth $25,045,000 after purchasing an additional 25,011 shares during the last quarter. HighTower Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 45.0% in the 2nd quarter. HighTower Advisors LLC now owns 10,774 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 3,345 shares during the last quarter. Finally, State Street Corp grew its position in PT Telekomunikasi Indonesia, Tbk by 7.5% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 5.49% of the company’s stock.

Several research firms have commented on TLK. Macquarie cut shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. UBS Group cut shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, Citigroup upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk (TLK) opened at $32.22 on Monday. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $28.10 and a 1 year high of $36.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.26.

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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.

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

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