Gen Digital Inc. $GEN Shares Purchased by Inceptionr LLC

Inceptionr LLC raised its stake in Gen Digital Inc. (NASDAQ:GEN) by 158.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,734 shares of the company’s stock after purchasing an additional 33,531 shares during the quarter. Inceptionr LLC’s holdings in Gen Digital were worth $1,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Gen Digital by 1.4% in the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after buying an additional 964,046 shares in the last quarter. State Street Corp lifted its position in Gen Digital by 1.2% during the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock worth $868,566,000 after acquiring an additional 349,289 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Gen Digital by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after acquiring an additional 1,406,869 shares during the period. First Trust Advisors LP boosted its holdings in Gen Digital by 2.5% in the 3rd quarter. First Trust Advisors LP now owns 16,301,095 shares of the company’s stock worth $462,788,000 after acquiring an additional 401,937 shares during the period. Finally, Geode Capital Management LLC grew its position in Gen Digital by 0.7% in the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after acquiring an additional 101,791 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GEN shares. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Barclays lowered their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Wells Fargo & Company began coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.71.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value 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. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.30% of the company’s stock.

Gen Digital Stock Performance

Shares of GEN opened at $22.61 on Monday. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.75 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The business’s 50 day moving average is $24.50 and its two-hundred day moving average is $26.59. Gen Digital Inc. has a 52-week low of $21.33 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. 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. Analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

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.