Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 14.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,900 shares of the utilities provider’s stock after selling 3,100 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 47.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,249,371 shares of the utilities provider’s stock valued at $42,066,000 after purchasing an additional 399,591 shares during the period. Renaissance Technologies LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 18.2% during the second quarter. Renaissance Technologies LLC now owns 2,095,600 shares of the utilities provider’s stock valued at $70,559,000 after purchasing an additional 323,000 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 48.4% during the third quarter. Pictet Asset Management Ltd. now owns 608,159 shares of the utilities provider’s stock valued at $20,860,000 after purchasing an additional 198,468 shares during the period. Wells Fargo & Company MN boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 2.6% during the third quarter. Wells Fargo & Company MN now owns 2,838,348 shares of the utilities provider’s stock valued at $97,355,000 after purchasing an additional 71,131 shares during the period. Finally, Investec Asset Management LTD boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 101.6% during the third quarter. Investec Asset Management LTD now owns 126,316 shares of the utilities provider’s stock valued at $4,333,000 after purchasing an additional 63,658 shares during the period. 5.50% of the stock is owned by institutional investors.

Shares of PT Telekomunikasi Indonesia, Tbk (TLK) traded down $0.17 on Wednesday, hitting $30.63. 170,800 shares of the stock were exchanged, compared to its average volume of 306,712. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $27.17 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.

A number of analysts have recently issued reports on TLK shares. Citigroup raised shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 7th. Macquarie lowered shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, UBS lowered shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

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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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