Gen Digital Inc. $GEN Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 7.0% during the third quarter, Holdings Channel reports. The fund owned 342,935 shares of the company’s stock after selling 25,929 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Gen Digital were worth $9,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after purchasing an additional 529 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after buying an additional 994 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Gen Digital during the second quarter worth approximately $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of Gen Digital in the second quarter worth $44,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling

In related news, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the purchase, the director owned 28,419 shares of the company’s stock, valued at $771,291.66. This represents a 21.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Gen Digital Trading Up 0.8%

NASDAQ GEN opened at $25.41 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company has a 50-day simple moving average of $26.73 and a 200-day simple moving average of $28.07. The firm has a market capitalization of $15.67 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.85 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Gen Digital’s quarterly revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. On average, equities analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a dividend of $0.125 per share. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. Gen Digital’s payout ratio is currently 54.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group initiated coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday. Royal Bank Of Canada decreased their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Evercore ISI upped their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.43.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.