Natixis Advisors LLC Boosts Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Natixis Advisors LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 25.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,440 shares of the utilities provider’s stock after buying an additional 73,322 shares during the period. Natixis Advisors LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $7,090,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock valued at $85,411,000 after purchasing an additional 492,128 shares during the period. Renaissance Technologies LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after purchasing an additional 14,600 shares during the period. American Century Companies Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock valued at $8,895,000 after purchasing an additional 33,360 shares during the period. Oldfield Partners LLP raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock valued at $8,692,000 after purchasing an additional 64,429 shares during the period. Finally, Millennium Management LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% during the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after purchasing an additional 230,613 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK opened at $16.94 on Friday. Perusahaan Perseroan has a one year low of $15.78 and a one year high of $26.85. The stock’s 50 day moving average price is $18.61 and its 200-day moving average price is $18.65. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

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.