Wedge Capital Management L L P NC Has $5.57 Million Position in Gen Digital Inc. $GEN

Wedge Capital Management L L P NC lifted its stake in Gen Digital Inc. (NASDAQ:GEN) by 18.4% during the third quarter, HoldingsChannel reports. The fund owned 196,141 shares of the company’s stock after purchasing an additional 30,462 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Gen Digital were worth $5,568,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GEN. Cullen Frost Bankers Inc. bought a new stake in Gen Digital in the second quarter worth approximately $32,000. CYBER HORNET ETFs LLC bought a new stake in Gen Digital during the second quarter worth approximately $44,000. Geneos Wealth Management Inc. boosted its holdings in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the period. MUFG Securities EMEA plc acquired a new position in Gen Digital during the 2nd quarter worth $47,000. Finally, Rise Advisors LLC grew its position in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after purchasing an additional 381 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal acquired 5,000 shares of Gen Digital stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director owned 28,419 shares in the company, valued at $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction 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 sale, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Gen Digital Trading Down 0.2%

Shares of NASDAQ GEN opened at $27.65 on Monday. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a 50-day moving average of $26.72 and a two-hundred day moving average of $28.60. The company has a market cap of $17.05 billion, a PE ratio of 30.05, a P/E/G ratio of 0.92 and a beta of 1.11. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43.

Gen Digital (NASDAQ:GEN) last posted 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. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. 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, equities analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on GEN shares. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Evercore ISI boosted their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. 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 price objective on the stock. 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 on the stock in a report on Friday, November 7th. Finally, Morgan Stanley raised 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.43.

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.