Leonteq Securities AG Sells 26,141 Shares of Gen Digital Inc. $GEN

Leonteq Securities AG decreased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 65.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,587 shares of the company’s stock after selling 26,141 shares during the period. Leonteq Securities AG’s holdings in Gen Digital were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. International Assets Investment Management LLC acquired a new position in shares of Gen Digital during the 4th quarter worth about $27,000. TD Private Client Wealth LLC raised its holdings in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Gen Digital during the second quarter worth about $47,000. Geneos Wealth Management Inc. boosted its position in Gen Digital by 221.5% during 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 last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Gen Digital by 47.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after purchasing an additional 568 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Stock Performance

Shares of NASDAQ:GEN traded up $0.29 during trading on Tuesday, reaching $26.89. 484,361 shares of the stock were exchanged, compared to its average volume of 7,113,506. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22. The firm has a market cap of $16.20 billion, a PE ratio of 17.02 and a beta of 1.21. The stock has a 50-day moving average price of $23.71 and a 200-day moving average price of $23.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Research analysts expect that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were paid a $0.125 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio is 31.65%.

Insider Activity

In related news, Director John C. Chrystal purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the completion of the purchase, the director owned 31,419 shares in the company, valued at approximately $850,198.14. This represents a 10.56% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director directly owned 3,832,724 shares in the company, valued at $94,974,900.72. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays increased their price target on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital has an average rating of “Hold” and a consensus target price of $31.29.

About Gen Digital

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.