NEOS Investment Management LLC Has $2.10 Million Stock Holdings in Gen Digital Inc. $GEN

NEOS Investment Management LLC boosted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 47.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,954 shares of the company’s stock after purchasing an additional 23,936 shares during the quarter. NEOS Investment Management LLC’s holdings in Gen Digital were worth $2,100,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the sale, the director owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays dropped their price objective on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada lowered their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.29.

Gen Digital Trading Up 0.0%

Shares of GEN stock opened at $22.35 on Friday. The stock has a 50-day moving average of $25.56 and a 200-day moving average of $27.23. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a 1-year low of $22.08 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities research analysts forecast 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. Investors of record on Monday, February 16th will be issued a $0.125 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.2%. Gen Digital’s payout ratio 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.