Gen Digital Inc. $GEN Shares Sold by Eastern Bank

Eastern Bank cut its stake in Gen Digital Inc. (NASDAQ:GEN) by 13.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,881 shares of the company’s stock after selling 750 shares during the period. Eastern Bank’s holdings in Gen Digital were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC lifted its holdings in shares of Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in Gen Digital by 0.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after acquiring an additional 427 shares during the period. Blue Trust Inc. lifted its stake in Gen Digital by 3.0% during the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock valued at $456,000 after acquiring an additional 458 shares during the period. Alps Advisors Inc. lifted its stake in Gen Digital by 1.5% during the 1st quarter. Alps Advisors Inc. now owns 31,540 shares of the company’s stock valued at $837,000 after acquiring an additional 465 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Gen Digital by 0.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,602 shares of the company’s stock valued at $2,311,000 after purchasing an additional 570 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Morgan Stanley boosted their price target on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday. B. Riley initiated coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Barclays boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.71.

Gen Digital Trading Down 1.9%

Shares of GEN stock opened at $26.52 on Monday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 0.89 and a beta of 0.94. The stock has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $28.48. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio is presently 51.55%.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.