J. Safra Sarasin Holding AG Sells 50,744 Shares of Gen Digital Inc. $GEN

J. Safra Sarasin Holding AG lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 53.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,949 shares of the company’s stock after selling 50,744 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Gen Digital were worth $1,248,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in shares of Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after purchasing an additional 529 shares during the period. Spire Wealth Management raised its stake in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Gen Digital in the second quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in Gen Digital during the second quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. increased its stake in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GEN. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Evercore ISI upped their price target on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Zacks Research lowered shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Jefferies Financial Group initiated coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective for the company. Finally, Royal Bank Of Canada reduced their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gen Digital has an average rating of “Hold” and a consensus target price of $35.43.

Gen Digital Trading Down 1.7%

NASDAQ GEN opened at $24.79 on Thursday. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.84 and a beta of 1.09. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. The business’s fifty day moving average is $26.67 and its 200 day moving average is $27.98.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Chrystal purchased 5,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

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.