AustralianSuper Pty Ltd Lowers Stock Position in Gen Digital Inc. $GEN

AustralianSuper Pty Ltd lessened its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,521 shares of the company’s stock after selling 85,458 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Gen Digital were worth $4,387,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. True Wealth Design LLC boosted its position in shares of Gen Digital by 92.0% in the 3rd 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 raised its holdings in shares of Gen Digital by 1,183.3% in the third 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 last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Gen Digital during the second quarter valued at $32,000. CYBER HORNET ETFs LLC acquired a new stake in Gen Digital during the 2nd quarter worth about $44,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 valued at $46,000 after purchasing an additional 1,183 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Royal Bank Of Canada lowered their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus target price of $35.43.

Gen Digital Trading Up 0.4%

Shares of Gen Digital stock opened at $23.99 on Friday. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The stock has a 50 day moving average of $26.57 and a 200 day moving average of $27.91. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 0.80 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.

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

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is currently 54.35%.

Insiders Place Their Bets

In related news, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Chrystal bought 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average cost 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 in the company, valued at $771,291.66. This represents a 21.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 9.30% of the company’s stock.

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.