Skandinaviska Enskilda Banken AB publ Has $30.02 Million Stock Position in Gen Digital Inc. $GEN

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,057,586 shares of the company’s stock after selling 89,640 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Gen Digital were worth $30,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviva PLC lifted its position in shares of Gen Digital by 6.6% in 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 in the last quarter. Schroder Investment Management Group lifted 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 valued at $28,755,000 after purchasing an additional 317,468 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Gen Digital during the 2nd quarter worth approximately $394,000. Mackenzie Financial Corp boosted its position in Gen Digital by 39.4% during the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after purchasing an additional 101,580 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Gen Digital by 481.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 462,830 shares of the company’s stock worth $13,140,000 after buying an additional 383,279 shares during the period. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Down 3.8%

Shares of NASDAQ GEN opened at $22.81 on Wednesday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $13.82 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09. The company’s 50 day moving average price is $25.86 and its 200-day moving average price is $27.34. Gen Digital Inc. has a 52-week low of $22.14 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.56 EPS. The business’s quarterly revenue was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GEN. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Zacks Research cut shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Evercore boosted their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada lowered their price target 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. Finally, Barclays lowered their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. 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 company’s stock. Based on data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $35.29.

Insider Activity at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred on 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 directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

About Gen Digital

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.