Gen Digital Inc. $GEN Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 481.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,830 shares of the company’s stock after acquiring an additional 383,279 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Gen Digital worth $13,140,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in shares of Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after purchasing an additional 529 shares in the last quarter. Spire Wealth Management increased its stake in Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Gen Digital during the 2nd quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new position in Gen Digital in the 2nd quarter valued at approximately $44,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction on 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 transaction, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Chrystal purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.30% of the company’s stock.

Gen Digital Trading Up 0.8%

NASDAQ:GEN opened at $25.41 on Friday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The stock has a market cap of $15.67 billion, a P/E ratio of 27.62, a P/E/G ratio of 0.85 and a beta of 1.09. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a 50-day simple moving average of $26.73 and a 200-day simple moving average of $28.07.

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

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $0.125 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio is presently 54.35%.

Wall Street Analyst Weigh In

GEN has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Zacks Research cut Gen Digital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Jefferies Financial Group started coverage on shares of Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 target price on the stock. Finally, Royal Bank Of Canada reduced 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 report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.43.

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.