State of New Jersey Common Pension Fund D Cuts Stake in Lumen Technologies, Inc. $LUMN

State of New Jersey Common Pension Fund D lowered its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,967 shares of the technology company's stock after selling 146,551 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Lumen Technologies were worth $2,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Lumen Technologies by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company's stock valued at $694,942,000 after buying an additional 1,295,177 shares in the last quarter. Front Street Capital Management Inc. grew its holdings in Lumen Technologies by 1.1% during the 2nd quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company's stock valued at $52,425,000 after buying an additional 132,131 shares in the last quarter. Man Group plc grew its holdings in Lumen Technologies by 3.3% during the 2nd quarter. Man Group plc now owns 11,486,835 shares of the technology company's stock valued at $50,312,000 after buying an additional 364,436 shares in the last quarter. Invesco Ltd. grew its holdings in Lumen Technologies by 6.3% during the 2nd quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company's stock valued at $47,869,000 after buying an additional 652,124 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Lumen Technologies by 5.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 10,056,824 shares of the technology company's stock valued at $61,548,000 after buying an additional 536,324 shares in the last quarter. Hedge funds and other institutional investors own 66.19% of the company's stock.

Insider Activity at Lumen Technologies

In related news, CEO Kathleen E. Johnson acquired 78,685 shares of the stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $6.35 per share, with a total value of $499,649.75. Following the purchase, the chief executive officer directly owned 8,562,582 shares of the company's stock, valued at approximately $54,372,395.70. This trade represents a 0.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Diankha Linear sold 45,000 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $7.89, for a total value of $355,050.00. Following the sale, the director directly owned 198,229 shares of the company's stock, valued at $1,564,026.81. This represents a 18.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by company insiders.

Lumen Technologies Price Performance

NYSE:LUMN opened at $9.21 on Wednesday. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of -5.29 and a beta of 1.65. Lumen Technologies, Inc. has a 1 year low of $3.37 and a 1 year high of $11.95. The business has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $8.03.

Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.34). The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.83 billion. Lumen Technologies's revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned ($0.13) earnings per share. As a group, analysts expect that Lumen Technologies, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price target on Lumen Technologies from $5.00 to $6.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Citigroup cut their price target on Lumen Technologies from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, February 5th. The Goldman Sachs Group raised their price target on Lumen Technologies from $5.50 to $7.25 and gave the company a "neutral" rating in a report on Wednesday, February 4th. Raymond James Financial restated a "market perform" rating on shares of Lumen Technologies in a report on Wednesday, February 4th. Finally, Zacks Research upgraded Lumen Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lumen Technologies presently has an average rating of "Hold" and an average target price of $7.25.

Lumen Technologies News Summary

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Q1 revenue topped estimates: Lumen reported $2.90B in revenue versus analysts' ~$2.83B estimate, showing better‑than‑expected top‑line performance that supports the company’s service demand picture. Lumen (LUMN) Reports Q1 Loss, Tops Revenue Estimates
• Positive Sentiment: Lumen agreed to acquire Alkira for $475M in cash to bolster its cloud networking and SD‑WAN capabilities — a strategic tuck‑in that could accelerate growth in cloud‑centric networking services. Lumen beats quarterly revenue estimates, to acquire Alkira for $475 million
• Neutral Sentiment: Lumen extended the early participation date and withdrawal deadline for its exchange offers on long‑dated notes — a procedural move that gives bondholders more time but also may indicate slower participation than hoped. Monitor takeup rates for any signal on refinancing success. Lumen Technologies, Inc. and Qwest Corporation Announce Extension of Early Participation Date and Withdrawal Deadline of Previously Announced Exchange Offers
• Neutral Sentiment: After a large multi‑month run‑up (shares up substantially over the last year), some investors are debating valuation and whether upside is already priced in — adding to intraday volatility. Is It Too Late To Consider Lumen Technologies (LUMN) After A 120% One Year Surge?
• Negative Sentiment: Big EPS miss pressured the stock: Lumen reported a Q1 loss of ($0.47) per share, well below consensus (Zacks ~($0.06); MarketBeat noted ~$ (0.12)), raising concerns about margin pressure and near‑term profitability. Lumen earnings report and transcript
• Negative Sentiment: Revenue declined 8.9% year‑over‑year, highlighting ongoing headwinds in legacy services even as new initiatives scale — a reminder earnings recovery may take time. Lumen earnings report and transcript

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company's core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.