Gen Digital Inc. $GEN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,145 shares of the company’s stock after selling 52,250 shares during the quarter. Voya Investment Management LLC’s holdings in Gen Digital were worth $3,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aviva PLC grew its stake in Gen Digital by 6.6% during the 2nd quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after buying an additional 25,315 shares during the last quarter. Schroder Investment Management Group lifted its stake in Gen Digital by 48.1% in the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock valued at $28,755,000 after buying an additional 317,468 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Gen Digital in the second quarter valued at approximately $394,000. Mackenzie Financial Corp boosted its holdings in shares of Gen Digital by 39.4% in the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after acquiring an additional 101,580 shares during the period. Finally, First Hawaiian Bank grew its position in shares of Gen Digital by 129.6% during the first quarter. First Hawaiian Bank now owns 75,278 shares of the company’s stock worth $1,998,000 after acquiring an additional 42,488 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Up 0.5%

GEN stock opened at $27.77 on Friday. The stock has a market capitalization of $17.13 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.11. The company has a fifty day moving average of $26.81 and a 200-day moving average of $28.55. 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.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results 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. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. 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. As a group, analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is currently 54.35%.

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the acquisition, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the transaction, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. The trade was a 2.81% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Royal Bank Of Canada lowered their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Jefferies Financial Group started coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.43.

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.