PFA Pension Forsikringsaktieselskab Acquires New Holdings in Lumen Technologies, Inc. $LUMN
by Amy Steele · The Cerbat GemPFA Pension Forsikringsaktieselskab acquired a new stake in shares of Lumen Technologies, Inc. (NYSE:LUMN – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 275,662 shares of the technology company’s stock, valued at approximately $2,156,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake 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 worth $694,942,000 after purchasing an additional 1,295,177 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Lumen Technologies by 58.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,768,300 shares of the technology company’s stock worth $37,050,000 after purchasing an additional 1,755,368 shares in the last quarter. Allianz Asset Management GmbH increased its stake 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 worth $61,548,000 after purchasing an additional 536,324 shares in the last quarter. Private Advisory Group LLC bought a new stake in Lumen Technologies during the 4th quarter worth approximately $1,200,000. Finally, Public Sector Pension Investment Board increased its stake in Lumen Technologies by 5.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,682,348 shares of the technology company’s stock worth $22,536,000 after purchasing an additional 184,883 shares in the last quarter. 66.19% of the stock is currently owned by institutional investors.
Key Stories Impacting Lumen Technologies
Here are the key news stories impacting Lumen Technologies this week:
- Positive Sentiment: Momentum: LUMN has shown a sharp run-up (one‑year gains cited around 120%), drawing renewed investor attention and momentum-driven flows that can support further price gains. Is It Too Late To Consider Lumen Technologies (LUMN) After A 120% One Year Surge?
- Positive Sentiment: Earnings catalyst: Lumen is reporting Q1 after the bell (article previews list key items investors should watch). A clean beat or upward guidance (especially on enterprise, fiber, or enterprise services) could sustain the rally. Lumen (LUMN) Reports Q1: Everything You Need To Know Ahead Of Earnings
- Neutral Sentiment: Relative performance context: Coverage comparing ENGIE and Lumen shows how LUMN stacks up versus peers and the broader sector YTD—useful for gauging whether its move is company‑specific or part of a sector rotation. Is ENGIE – Sponsored ADR (ENGIY) Stock Outpacing Its Utilities Peers This Year?
- Negative Sentiment: Valuation and fundamentals risk: After the large run, valuation concerns are rising and some analysts caution that the current price must be supported by fundamentals. Consensus still points to negative EPS for the year, and recent quarters showed revenue declines—both potential triggers for profit‑taking if results disappoint.
- Negative Sentiment: Earnings/guidance risk ahead of report: Expectations are mixed; a miss or weak guidance on enterprise demand, fiber monetization, or margins could reverse short‑term gains and prompt a pullback.
Insider Activity at Lumen Technologies
In related news, CEO Kathleen E. Johnson acquired 78,685 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was bought at an average price of $6.35 per share, with a total value of $499,649.75. Following the acquisition, the chief executive officer owned 8,562,582 shares in the company, valued at $54,372,395.70. This represents a 0.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diankha Linear sold 45,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the completion of the sale, the director directly owned 198,229 shares of the company’s stock, valued at approximately $1,564,026.81. The trade was a 18.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.30% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on LUMN. Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a research note on Wednesday, February 4th. Citigroup decreased their price target on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. UBS Group raised their price target on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group raised their price target on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.25.
View Our Latest Analysis on LUMN
Lumen Technologies Trading Up 0.0%
NYSE LUMN opened at $9.32 on Tuesday. The company has a market cap of $9.60 billion, a PE ratio of -5.36 and a beta of 1.65. Lumen Technologies, Inc. has a 12 month low of $3.37 and a 12 month high of $11.95. The stock has a 50 day moving average of $7.38 and a 200-day moving average of $8.02.
Lumen Technologies (NYSE:LUMN – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts predict that Lumen Technologies, Inc. will post -0.09 EPS for the current fiscal year.
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.