Metis Global Partners LLC Decreases Stock Holdings in Gen Digital Inc. $GEN

Metis Global Partners LLC decreased its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 19,181 shares of the company’s stock after selling 2,583 shares during the quarter. Metis Global Partners LLC’s holdings in Gen Digital were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Gen Digital by 15.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 164,012 shares of the company’s stock worth $4,353,000 after buying an additional 21,814 shares during the last quarter. Cerity Partners LLC lifted its holdings in Gen Digital by 23.1% in the first quarter. Cerity Partners LLC now owns 78,471 shares of the company’s stock valued at $2,083,000 after acquiring an additional 14,707 shares during the period. New York State Common Retirement Fund boosted its position in Gen Digital by 2.4% in the first quarter. New York State Common Retirement Fund now owns 328,095 shares of the company’s stock worth $8,708,000 after purchasing an additional 7,600 shares during the last quarter. CWM LLC grew its stake in shares of Gen Digital by 17.4% during the 1st quarter. CWM LLC now owns 27,717 shares of the company’s stock valued at $736,000 after purchasing an additional 4,118 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Gen Digital during the 1st quarter valued at about $253,000. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $27.00 on Thursday. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 0.87 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock’s 50-day simple moving average is $27.65 and its 200-day simple moving average is $28.75. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.54 EPS. The firm’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. Q3 2026 guidance at 0.620-0.64 EPS. As a group, analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price on the stock. Finally, Barclays boosted their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.43.

Gen Digital Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.