Bank of New York Mellon Corp decreased its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,780 shares of the utilities provider’s stock after selling 15,637 shares during the period. Bank of New York Mellon Corp’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $10,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. NGAM Advisors L.P. lifted its position in PT Telekomunikasi Indonesia, Tbk by 1.5% during the second quarter. NGAM Advisors L.P. now owns 197,751 shares of the utilities provider’s stock valued at $6,658,000 after acquiring an additional 3,003 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $5,389,000. Deltec Asset Management LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 4.3% during the second quarter. Deltec Asset Management LLC now owns 53,900 shares of the utilities provider’s stock valued at $1,815,000 after acquiring an additional 2,200 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $995,000. Finally, Advisors Asset Management Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 58.9% during the second quarter. Advisors Asset Management Inc. now owns 27,882 shares of the utilities provider’s stock valued at $939,000 after acquiring an additional 10,337 shares during the last quarter. 5.74% of the stock is owned by institutional investors.

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Separately, BidaskClub cut shares of PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

PT Telekomunikasi Indonesia, Tbk (TLK) opened at 34.82 on Tuesday. The firm has a market cap of $34.49 billion, a price-to-earnings ratio of 20.48 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $27.17 and a 52 week high of $67.13. The firm’s 50-day moving average is $35.43 and its 200-day moving average is $33.28.

PT Telekomunikasi Indonesia, Tbk Company 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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