Lumen Technologies, Inc. $LUMN Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 156.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,068,456 shares of the technology company’s stock after purchasing an additional 651,021 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Lumen Technologies worth $8,302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised 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 worth $694,942,000 after buying an additional 1,295,177 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Lumen Technologies by 58.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,768,300 shares of the technology company’s stock valued at $37,050,000 after buying an additional 1,755,368 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $1,200,000. Public Sector Pension Investment Board grew its stake in shares of Lumen Technologies by 5.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,682,348 shares of the technology company’s stock valued at $22,536,000 after buying an additional 184,883 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Lumen Technologies by 210.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 562,520 shares of the technology company’s stock worth $4,372,000 after purchasing an additional 381,391 shares during the period. 66.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. UBS Group lifted their price target on shares of Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research cut shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wells Fargo & Company increased their price objective on Lumen Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, TD Cowen increased their price objective on Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $7.91.

Lumen Technologies Stock Down 0.0%

Shares of LUMN stock opened at $8.91 on Monday. The stock has a 50-day moving average price of $8.72 and a 200 day moving average price of $8.13. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of -5.12 and a beta of 1.70. Lumen Technologies, Inc. has a 12 month low of $3.37 and a 12 month high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.83 billion. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the firm posted ($0.13) EPS. Sell-side analysts predict that Lumen Technologies, Inc. will post -0.39 earnings per share 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.