Gen Digital Inc. $GEN Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its stake in Gen Digital Inc. (NASDAQ:GEN) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 118,520 shares of the company’s stock after selling 903 shares during the period. Martingale Asset Management L P’s holdings in Gen Digital were worth $3,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. increased its holdings in Gen Digital by 69.0% in the 1st quarter. Capital Fund Management S.A. now owns 86,340 shares of the company’s stock valued at $2,291,000 after purchasing an additional 35,246 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of Gen Digital during the 1st quarter worth $85,000. Erste Asset Management GmbH lifted its position in shares of Gen Digital by 6.6% during the 1st quarter. Erste Asset Management GmbH now owns 100,987 shares of the company’s stock worth $2,669,000 after purchasing an additional 6,219 shares during the last quarter. Credit Agricole S A lifted its position in shares of Gen Digital by 11.5% during the 1st quarter. Credit Agricole S A now owns 188,762 shares of the company’s stock worth $5,010,000 after purchasing an additional 19,404 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Gen Digital by 25.3% during the 1st quarter. Hsbc Holdings PLC now owns 2,750,399 shares of the company’s stock worth $72,844,000 after purchasing an additional 555,469 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GEN has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 price objective for the company. Wall Street Zen cut shares of Gen Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th. Wells Fargo & Company lifted their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Evercore ISI assumed coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.33.

Gen Digital Trading Down 0.8%

Shares of GEN opened at $31.19 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm’s 50-day moving average is $30.03 and its two-hundred day moving average is $28.08. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The firm has a market capitalization of $19.21 billion, a P/E ratio of 32.15, a PEG ratio of 1.05 and a beta of 1.00.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. 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, research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital’s dividend payout ratio is 51.55%.

Gen Digital 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.