Gen Digital Inc. $GEN Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its stake in Gen Digital Inc. (NASDAQ:GEN) by 1,275.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,836 shares of the company’s stock after buying an additional 88,867 shares during the period. Vontobel Holding Ltd.’s holdings in Gen Digital were worth $2,721,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

GEN has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Jefferies Financial Group began coverage on shares of 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 cut their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Morgan Stanley upped their price target on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.43.

Insider Activity

In other news, Director John C. Chrystal purchased 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the acquisition, the director directly owned 28,419 shares in the company, valued at $771,291.66. This represents a 21.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction that occurred 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 in the company, 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. 9.30% of the stock is owned by insiders.

Gen Digital Trading Up 0.5%

Shares of NASDAQ:GEN opened at $27.77 on Friday. The firm has a fifty day moving average of $26.81 and a two-hundred day moving average of $28.55. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The firm has a market capitalization of $17.13 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Gen Digital’s revenue for the quarter was up 25.3% compared to the same quarter last year. 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. On average, equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Gen Digital Company 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.