Gen Digital Inc. $GEN Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,769 shares of the company’s stock after selling 29,966 shares during the period. Artemis Investment Management LLP’s holdings in Gen Digital were worth $3,338,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sound Income Strategies LLC lifted its position in shares of Gen Digital by 38,275.3% during the 4th quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock valued at $5,078,000 after buying an additional 194,056 shares in the last quarter. Vanguard Group Inc. increased its holdings in Gen Digital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock worth $2,050,150,000 after acquiring an additional 964,046 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Gen Digital in the 3rd quarter worth approximately $8,238,000. Y Intercept Hong Kong Ltd raised its stake in Gen Digital by 525.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,826 shares of the company’s stock worth $2,380,000 after acquiring an additional 70,424 shares during the period. Finally, LBP AM SA raised its stake in Gen Digital by 63.7% during the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock worth $20,074,000 after acquiring an additional 287,369 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Barclays cut their price target on Gen Digital from $32.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and a consensus price target of $31.86.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $19.38 on Friday. The firm has a fifty day simple moving average of $20.28 and a two-hundred day simple moving average of $24.06. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. 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 stock has a market capitalization of $11.73 billion, a P/E ratio of 19.97, a PEG ratio of 0.55 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm 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 firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. 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. On average, analysts expect that Gen Digital Inc. will post 2.29 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 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.