Vestmark Advisory Solutions Inc. Makes New Investment in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Vestmark Advisory Solutions Inc. acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,903 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other hedge funds have also modified their holdings of TLK. Summit Global Investments grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 90.4% during the fourth quarter. Summit Global Investments now owns 31,663 shares of the utilities provider’s stock worth $816,000 after buying an additional 15,031 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 39.1% in the 4th quarter. Natixis Advisors L.P. now owns 358,525 shares of the utilities provider’s stock valued at $9,234,000 after purchasing an additional 100,757 shares during the last quarter. West Family Investments Inc. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.0% in the fourth quarter. West Family Investments Inc. now owns 17,298 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 4,290 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 28.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 217,234 shares of the utilities provider’s stock worth $5,596,000 after purchasing an additional 47,877 shares during the last quarter. Finally, Marks Group Wealth Management Inc lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.3% during the fourth quarter. Marks Group Wealth Management Inc now owns 15,394 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 488 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.5 %

TLK opened at $19.52 on Wednesday. Perusahaan Perseroan has a 12 month low of $18.66 and a 12 month high of $28.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. The business has a 50 day simple moving average of $22.18 and a 200-day simple moving average of $23.88. The stock has a market capitalization of $17.58 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.75 and a beta of 0.76.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings data on Thursday, April 18th. The utilities provider reported $0.37 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.12% and a return on equity of 15.72%. The firm had revenue of $2.25 billion for the quarter. On average, equities analysts anticipate that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.