QRG Capital Management Inc. Reduces Stock Holdings in Gen Digital Inc. $GEN

QRG Capital Management Inc. reduced its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 86.4% during the third quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Choreo LLC increased its position in shares of Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after buying an additional 315 shares during the period. Beacon Pointe Advisors LLC boosted its position in Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after acquiring an additional 357 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of Gen Digital by 5.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock worth $248,000 after acquiring an additional 454 shares during the period. Blue Trust Inc. raised its position in shares of Gen Digital by 3.0% in the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock worth $456,000 after acquiring an additional 458 shares in the last quarter. Finally, CX Institutional lifted its stake in shares of Gen Digital by 0.9% in the 3rd quarter. CX Institutional now owns 55,971 shares of the company’s stock valued at $1,589,000 after purchasing an additional 478 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Up 0.1%

Shares of Gen Digital stock opened at $25.22 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization 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 52-week low of $22.74 and a 52-week high of $32.22. The company has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $28.12.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. 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. On average, 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 was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were paid a $0.125 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Gen Digital’s payout ratio is currently 54.35%.

Insiders Place Their Bets

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction dated 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 owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Chrystal bought 5,000 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director directly owned 28,419 shares in the company, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Zacks Research cut shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on shares of Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.