Gen Digital Inc. $GEN Stock Holdings Decreased by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its position in Gen Digital Inc. (NASDAQ:GENFree Report) by 43.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,060 shares of the company’s stock after selling 21,588 shares during the quarter. Twin Capital Management Inc.’s holdings in Gen Digital were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aviva PLC raised its stake in shares of Gen Digital by 6.6% in the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after purchasing an additional 25,315 shares during the last quarter. Schroder Investment Management Group grew its holdings in Gen Digital by 48.1% during the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after buying an additional 317,468 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Gen Digital in the 2nd quarter valued at $394,000. Mackenzie Financial Corp boosted its holdings in Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after acquiring an additional 101,580 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Gen Digital by 481.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 462,830 shares of the company’s stock worth $13,140,000 after acquiring an additional 383,279 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital News Summary

Here are the key news stories impacting Gen Digital this week:

Analyst Ratings Changes

GEN has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Barclays cut their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday. Evercore upped their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada dropped 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, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Gen Digital has a consensus rating of “Hold” and a consensus target price of $35.29.

View Our Latest Research Report on Gen Digital

Gen Digital Trading Up 8.1%

Shares of GEN stock opened at $24.25 on Friday. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.81 and a beta of 1.09. The company’s fifty day simple moving average is $26.25 and its two-hundred day simple moving average is $27.65. Gen Digital Inc. has a 1 year low of $22.14 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51.

Gen Digital (NASDAQ:GENGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.57% and a net margin of 12.76%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. 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 anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a $0.125 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.1%. Gen Digital’s dividend payout ratio is currently 51.55%.

Insider Buying and Selling at Gen Digital

In related news, 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 completion of the sale, the director owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Chrystal bought 5,000 shares of Gen Digital stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director owned 28,419 shares of the company’s stock, valued at $771,291.66. This represents a 21.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 9.30% of the stock is owned by company insiders.

Gen Digital Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gen Digital (NASDAQ:GEN)

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