Los Angeles Capital Management LLC Sells 29,477 Shares of Gen Digital Inc. $GEN

Los Angeles Capital Management LLC trimmed its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,300,825 shares of the company’s stock after selling 29,477 shares during the quarter. Los Angeles Capital Management LLC owned 0.21% of Gen Digital worth $33,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GEN. Goldman Sachs Group Inc. lifted its holdings in shares of Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after buying an additional 28,522 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Gen Digital during the 1st quarter valued at $205,000. Woodline Partners LP lifted its holdings in shares of Gen Digital by 37.8% during the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after buying an additional 7,562 shares during the period. Focus Partners Wealth lifted its holdings in shares of Gen Digital by 9.7% during the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after buying an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the period. 81.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John C. Chrystal bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $26.28 on Monday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22. The stock’s fifty day moving average is $21.52 and its 200 day moving average is $23.64. The stock has a market cap of $15.83 billion, a P/E ratio of 16.63 and a beta of 1.20. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.59 EPS. Gen Digital’s revenue for the quarter was up 27.0% compared to the same quarter last year. 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. Sell-side analysts anticipate that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GEN shares. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Argus raised Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target on the stock. Finally, Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Gen Digital has an average rating of “Hold” and a consensus price target of $31.29.

Gen Digital 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.