Lumen Technologies, Inc. $LUMN Shares Bought by Janus Henderson Group PLC

Posted by Brenda Bartman on Aug 6th, 2026

Janus Henderson Group PLC grew its position in shares of Lumen Technologies, Inc. (NYSE:LUMN – Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,385,803 shares of the technology company’s stock after purchasing an additional 95,364 shares during the quarter. Janus Henderson Group PLC owned approximately 0.13% of Lumen Technologies worth $9,623,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Lumen Technologies by 210.6% during the 4th 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 last quarter. CapWealth Advisors LLC boosted its stake in shares of Lumen Technologies by 3.2% during the fourth quarter. CapWealth Advisors LLC now owns 6,699,685 shares of the technology company’s stock worth $52,057,000 after buying an additional 204,970 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lumen Technologies by 8.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,954,306 shares of the technology company’s stock worth $55,282,000 after buying an additional 610,364 shares during the period. Fifth Third Bancorp grew its holdings in shares of Lumen Technologies by 3,775.1% during the first quarter. Fifth Third Bancorp now owns 224,216 shares of the technology company’s stock worth $1,558,000 after buying an additional 218,430 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Lumen Technologies in the 4th quarter valued at about $2,156,000. 66.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LUMN has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating for the company in a research report on Wednesday. Wall Street Zen lowered Lumen Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. The Goldman Sachs Group decreased their price target on Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating for the company in a report on Wednesday. Finally, TD Cowen lifted their price objective on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $8.11.

View Our Latest Stock Analysis on Lumen Technologies

Key Lumen Technologies News

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

Positive Sentiment: Lumen reported a second-quarter loss of $0.07 per share, narrower than the roughly $0.13–$0.15 loss analysts expected, while revenue of $2.81 billion exceeded consensus estimates of approximately $2.74 billion. Lumen Reports Q2 Loss, Tops Revenue Estimates
Positive Sentiment: Strategic business revenue increased about 14%, now represents more than half of the business segment, and free cash flow turned positive. Lumen maintained its full-year outlook, including expected free cash flow of $1.9 billion to $2.1 billion. Lumen Beats Revenue Estimates on Strong Digital Networking Demand
Positive Sentiment: The company is seeing stronger demand for digital networking, including network-as-a-service and AI-related connectivity. Its Alkira acquisition is intended to expand multi-cloud and AI networking capabilities. Lumen also announced an agreement with Amdocs to modernize enterprise service orchestration on AWS. Lumen Extends Multi-Cloud Strategy with Amdocs
Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board, adding experience in enterprise technology, cybersecurity, digital transformation and operational execution. Lumen Appoints John M. Hinshaw to Its Board
Negative Sentiment: Revenue fell 9.3% year over year to $2.81 billion, while EBITDA remains under pressure as Lumen winds down legacy services. The quarterly loss also widened from the year-ago period’s $0.03 per-share loss, highlighting that the transformation has not yet offset declining legacy operations. Lumen Q2 Earnings Call Highlights Digital Revenue Shift
Negative Sentiment: Goldman Sachs lowered its price target to $7.25 from $8.50 and Wells Fargo cut its target to $7.50 from $9.00; both retained neutral or equal-weight ratings. The reductions suggest analysts see limited near-term upside while Lumen proves its digital-growth strategy can overcome declining sales. Lumen Price Target Reduction

Lumen Technologies Stock Down 9.5%

Shares of NYSE:LUMN opened at $6.08 on Thursday. Lumen Technologies, Inc. has a 52 week low of $3.63 and a 52 week high of $11.95. The company has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.86. The company has a market cap of $6.26 billion, a P/E ratio of -5.96 and a beta of 1.78.

Lumen Technologies (NYSE:LUMN – Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Analysts expect that Lumen Technologies, Inc. will post -0.39 EPS for the current year.

About Lumen Technologies

(Free Report)

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.