Envestnet Asset Management Inc. Acquires 25,429 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Envestnet Asset Management Inc. lifted its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 906,510 shares of the utilities provider’s stock after purchasing an additional 25,429 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of PT Telekomunikasi Indonesia, Tbk worth $17,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the second quarter worth $25,000. First Horizon Corp purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 921 shares in the last quarter. Hantz Financial Services Inc. grew its position in PT Telekomunikasi Indonesia, Tbk by 1,258.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Allworth Financial LP increased its stake in PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,199 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Trading Down 1.3%

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $20.92 on Monday. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $23.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. The company’s 50 day moving average is $21.31 and its 200 day moving average is $20.28.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its earnings results on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. The company had revenue of ($4,514.03) million for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. Research analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current fiscal year.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.