Swiss Life Asset Management Ltd Sells 115,934 Shares of Gen Digital Inc. $GEN

Swiss Life Asset Management Ltd cut its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 59.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 78,122 shares of the company’s stock after selling 115,934 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Gen Digital were worth $2,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GEN. Spire Wealth Management boosted its holdings in shares of Gen Digital by 1,183.3% in 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. True Wealth Design LLC increased its holdings in Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after buying an additional 529 shares during the last quarter. Clearstead Advisors LLC increased its holdings in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Gen Digital during the second quarter worth $44,000. Finally, MUFG Securities EMEA plc acquired a new stake in Gen Digital in the second quarter valued at $47,000. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Up 0.2%

Gen Digital stock opened at $21.02 on Tuesday. The company’s 50-day moving average price is $23.26 and its two-hundred day moving average price is $25.87. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market cap of $12.73 billion, a P/E ratio of 21.67, a P/E/G ratio of 0.70 and a beta of 1.11. Gen Digital Inc. has a twelve month low of $20.15 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. 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. As a group, analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were given a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.4%. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GEN shares. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wells Fargo & Company started coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Finally, Barclays dropped their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.71.

Gen Digital 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.