Gen Digital Inc. $GEN Stock Position Cut by Strs Ohio

Strs Ohio decreased its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 78.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,137 shares of the company’s stock after selling 46,862 shares during the period. Strs Ohio’s holdings in Gen Digital were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GEN. Aviva PLC raised its position in shares of Gen Digital by 6.6% during the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group increased its stake in Gen Digital by 48.1% in the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after purchasing an additional 317,468 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Gen Digital in the 2nd quarter worth about $394,000. Mackenzie Financial Corp raised its holdings in Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after buying an additional 101,580 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Gen Digital during the second quarter valued at about $341,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on GEN. Royal Bank Of Canada decreased their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Evercore ISI raised their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Zacks Research cut shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $35.43.

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director directly owned 28,419 shares in the company, valued at $771,291.66. This trade represents a 21.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the sale, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.30% of the company’s stock.

Gen Digital Trading Up 0.4%

Shares of NASDAQ:GEN opened at $23.99 on Friday. The firm has a fifty day moving average of $26.57 and a two-hundred day moving average of $27.90. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The firm has a market capitalization of $14.80 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.54 earnings per share. Gen Digital’s quarterly revenue was up 25.3% compared to the same quarter last year. 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 expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Gen Digital’s payout ratio is presently 54.35%.

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.