Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC lowered its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,834 shares of the utilities provider’s stock after selling 8,910 shares during the quarter. DGS Capital Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TLK. BNP Paribas Arbitrage SA grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 428 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% during the third quarter. Credit Suisse AG now owns 870 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 477 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 118.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,618 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 1,418 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter valued at approximately $102,000. Finally, BNP Paribas Arbitrage SNC grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 6.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,316 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 406 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a report on Friday, April 12th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK stock opened at $20.10 on Wednesday. Perusahaan Perseroan has a 12-month low of $20.07 and a 12-month high of $29.44. The business has a 50 day simple moving average of $24.16 and a 200 day simple moving average of $24.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.76.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. The business had revenue of $2.43 billion during the quarter. Sell-side analysts anticipate that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.