Norges Bank Purchases New Shares in Lumen Technologies, Inc. $LUMN

Posted by Brenda Bartman on Jun 6th, 2026

Norges Bank acquired a new position in shares of Lumen Technologies, Inc. (NYSE:LUMN – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 13,713,912 shares of the technology company’s stock, valued at approximately $106,557,000.

A number of other large investors also recently modified their holdings of LUMN. Vanguard Group Inc. boosted its position in shares of Lumen Technologies by 1.2% in the third quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company’s stock valued at $694,942,000 after acquiring an additional 1,295,177 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Lumen Technologies by 58.3% in the fourth 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 purchasing an additional 1,755,368 shares in the last quarter. Private Advisory Group LLC purchased a new stake in Lumen Technologies in the fourth quarter valued at approximately $1,200,000. Public Sector Pension Investment Board raised its stake in Lumen Technologies by 5.3% in the third quarter. Public Sector Pension Investment Board now owns 3,682,348 shares of the technology company’s stock valued at $22,536,000 after purchasing an additional 184,883 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Lumen Technologies by 210.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 562,520 shares of the technology company’s stock valued at $4,372,000 after purchasing an additional 381,391 shares in the last quarter. 66.19% of the stock is currently owned by institutional investors.

Lumen Technologies Stock Down 10.0%

Shares of NYSE LUMN opened at $8.91 on Friday. Lumen Technologies, Inc. has a 52 week low of $3.37 and a 52 week high of $11.95. The firm’s fifty day moving average is $8.72 and its 200 day moving average is $8.13. The company has a market cap of $9.18 billion, a price-to-earnings ratio of -5.12 and a beta of 1.70.

Lumen Technologies (NYSE:LUMN – Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.34). The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted ($0.13) earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts anticipate that Lumen Technologies, Inc. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LUMN. JPMorgan Chase & Co. raised their target price on shares of Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. TD Cowen raised their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lumen Technologies in a research note on Tuesday, April 21st. Ten research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $7.91.

Get Our Latest Stock Analysis on LUMN

Lumen Technologies Company Profile

(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.