Gen Digital Inc. $GEN Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,505 shares of the company’s stock after selling 22,828 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Gen Digital were worth $2,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Gen Digital by 2.2% in the second quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock valued at $2,094,743,000 after buying an additional 1,558,983 shares during the last quarter. State Street Corp lifted its holdings in Gen Digital by 1.2% during the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock worth $868,566,000 after buying an additional 349,289 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after acquiring an additional 1,406,869 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Gen Digital by 7.4% during the second quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock worth $467,436,000 after purchasing an additional 1,088,983 shares during the period. Finally, Geode Capital Management LLC grew its position in Gen Digital by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after buying an additional 101,791 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Stock Up 0.7%

GEN opened at $23.72 on Monday. The firm has a market cap of $14.37 billion, a P/E ratio of 24.45, a PEG ratio of 0.79 and a beta of 1.09. The business’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $27.42. Gen Digital Inc. has a 52 week low of $22.14 and a 52 week high of $32.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. 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. As a group, equities research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s dividend payout ratio is currently 51.55%.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

GEN has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Barclays cut their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Evercore raised their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gen Digital currently has a consensus rating of “Hold” and an average target price of $35.29.

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.