State of New Jersey Common Pension Fund D Sells 146,551 Shares of Lumen Technologies, Inc. $LUMN

State of New Jersey Common Pension Fund D reduced its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 29.7% in the fourth quarter, Holdings Channel.com reports. The fund 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 quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Lumen Technologies by 49.1% during the 3rd quarter. UMB Bank n.a. now owns 4,105 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,351 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Lumen Technologies by 24.5% during the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,051 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Lumen Technologies by 15.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after acquiring an additional 968 shares during the last quarter. Rakuten Securities Inc. raised its position in Lumen Technologies by 31.0% during the 4th quarter. Rakuten Securities Inc. now owns 8,601 shares of the technology company’s stock valued at $67,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in Lumen Technologies during the 4th quarter valued at $68,000. 66.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Kathleen E. Johnson purchased 78,685 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $499,649.75. Following the acquisition, the chief executive officer owned 8,562,582 shares of the company’s stock, valued at $54,372,395.70. The trade was a 0.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diankha Linear sold 45,000 shares of the business’s stock in a transaction 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 transaction, the director owned 198,229 shares in the company, valued at approximately $1,564,026.81. This trade represents a 18.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.30% of the company’s stock.

Key Lumen Technologies News

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 Trading Down 1.3%

Shares of NYSE:LUMN opened at $9.21 on Wednesday. Lumen Technologies, Inc. has a 12-month low of $3.37 and a 12-month high of $11.95. The business’s fifty day simple moving average is $7.41 and its 200-day simple moving average is $8.03. The company has a market capitalization of $9.48 billion, a PE ratio of -5.29 and a beta of 1.65.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same quarter in the previous year, the company earned ($0.13) EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts predict that Lumen Technologies, Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lumen Technologies in a research report on Tuesday, April 21st. Zacks Research raised Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Citigroup decreased their target price on Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.25.

Lumen Technologies Company 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.