Gen Digital Inc. $GEN Shares Sold by Eastern Bank

Eastern Bank trimmed its holdings in Gen Digital Inc. (NASDAQ:GEN) by 13.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,881 shares of the company’s stock after selling 750 shares during the quarter. Eastern Bank’s holdings in Gen Digital were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GEN. GAMMA Investing LLC raised its holdings in Gen Digital by 15.1% in the 1st quarter. GAMMA Investing LLC now owns 12,139 shares of the company’s stock valued at $322,000 after acquiring an additional 1,593 shares during the last quarter. SG Americas Securities LLC raised its holdings in Gen Digital by 149.4% in the 1st quarter. SG Americas Securities LLC now owns 39,119 shares of the company’s stock valued at $1,038,000 after acquiring an additional 23,433 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Gen Digital in the first quarter valued at approximately $388,000. Fifth Third Bancorp increased its holdings in shares of Gen Digital by 23.4% in the first quarter. Fifth Third Bancorp now owns 12,453 shares of the company’s stock valued at $331,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in shares of Gen Digital by 7.1% in the first quarter. Everhart Financial Group Inc. now owns 14,807 shares of the company’s stock valued at $393,000 after purchasing an additional 985 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Price Performance

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

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current 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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s payout ratio is currently 51.55%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GEN. Morgan Stanley raised their target price on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Royal Bank Of Canada raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Gen Digital currently has an average rating of “Moderate Buy” and an average target price of $35.71.

About Gen Digital

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.