QRG Capital Management Inc. Sells 109,111 Shares of Gen Digital Inc. $GEN

QRG Capital Management Inc. trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 86.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,196 shares of the company’s stock after selling 109,111 shares during the quarter. QRG Capital Management Inc.’s holdings in Gen Digital were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

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

Gen Digital Trading Up 0.1%

NASDAQ GEN opened at $25.22 on Friday. The firm has a market cap of $15.55 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.09. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The stock has a 50-day moving average of $26.75 and a 200-day moving average of $28.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.54 EPS. Gen Digital’s revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, sell-side analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, November 17th. Gen Digital’s dividend payout ratio is currently 54.35%.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the transaction, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Chrystal purchased 5,000 shares of Gen Digital stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the acquisition, the director owned 28,419 shares in the company, valued at $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 9.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GEN shares. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Evercore ISI raised their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price target for the company. Royal Bank Of Canada reduced their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus target price of $35.43.

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.