State of New Jersey Common Pension Fund D Purchases 47,877 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

State of New Jersey Common Pension Fund D boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 28.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 217,234 shares of the utilities provider’s stock after acquiring an additional 47,877 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $5,596,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TLK. CWM LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 153.0% in the 4th quarter. CWM LLC now owns 2,517 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 1,522 shares during the period. KLR Investment Advisors LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter worth approximately $183,000. Lindbrook Capital LLC boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 235.4% in the 3rd quarter. Lindbrook Capital LLC now owns 7,620 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 5,348 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter valued at $204,000. Finally, Ballentine Partners LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.2% during the 3rd quarter. Ballentine Partners LLC now owns 8,594 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 723 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE TLK traded up $0.14 during trading on Friday, hitting $18.99. The company had a trading volume of 442,337 shares, compared to its average volume of 238,545. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a 12 month low of $18.66 and a 12 month high of $29.35. The stock has a 50 day simple moving average of $23.31 and a 200 day simple moving average of $24.14.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.77% and a net margin of 16.12%. The business had revenue of $2.43 billion during the quarter. Equities analysts forecast that Perusahaan Perseroan will post 1.63 earnings per share for the current fiscal year.

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.