Gen Digital Inc. $GEN Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in Gen Digital Inc. (NASDAQ:GEN) by 18.5% during the third quarter, Holdings Channel reports. The firm owned 100,505 shares of the company’s stock after selling 22,828 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gen Digital were worth $2,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GEN. Aviva PLC grew its position in Gen Digital by 6.6% in the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock valued at $11,970,000 after acquiring an additional 25,315 shares in the last quarter. Schroder Investment Management Group increased its stake in Gen Digital by 48.1% during the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after buying an additional 317,468 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Gen Digital in the 2nd quarter worth $394,000. Mackenzie Financial Corp boosted its position in Gen Digital by 39.4% in the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after buying an additional 101,580 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Gen Digital by 481.8% during the third quarter. Teacher Retirement System of Texas now owns 462,830 shares of the company’s stock valued at $13,140,000 after acquiring an additional 383,279 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $23.72 on Monday. The company has a market cap of $14.37 billion, a PE ratio of 24.45, a P/E/G ratio of 0.79 and a beta of 1.09. Gen Digital Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $32.22. The firm has a 50-day simple moving average of $26.01 and a 200 day simple moving average of $27.42. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Evercore upped their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Royal Bank Of Canada cut their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research downgraded shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.29.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the sale, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.30% of the company’s stock.

About Gen Digital

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.