Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stock Position Increased by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,865 shares of the utilities provider's stock after purchasing an additional 77,655 shares during the period. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk accounts for approximately 1.4% of Northcape Capital Pty Ltd's portfolio, making the stock its 7th largest position. Northcape Capital Pty Ltd owned 0.06% of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk worth $8,716,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TLK. Renaissance Technologies LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the 2nd 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. lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the 2nd 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 grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider's stock worth $8,692,000 after purchasing an additional 64,429 shares during the period. Natixis Advisors LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider's stock valued at $7,090,000 after buying an additional 73,322 shares during the period. Finally, Millennium Management LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider's stock worth $5,921,000 after buying an additional 230,613 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.4 %

Shares of NYSE:TLK traded up $0.23 on Wednesday, hitting $16.29. 358,690 shares of the company traded hands, compared to its average volume of 473,418. The stock has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $18.26. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a market cap of $14.67 billion, a PE ratio of 11.31, a PEG ratio of 1.58 and a beta of 0.78. Perusahaan Perseroan has a 52 week low of $15.35 and a 52 week high of $26.85.

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 research note on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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.