Gen Digital Inc. $GEN Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 61.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,717 shares of the company’s stock after selling 57,317 shares during the period. Intech Investment Management LLC’s holdings in Gen Digital were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC raised its position in shares of Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the period. Spire Wealth Management grew its position in Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares during the period. Clearstead Advisors LLC grew its position in Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Gen Digital during the second quarter worth $44,000. Finally, Geneos Wealth Management Inc. increased its stake in Gen Digital by 221.5% during the first 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 last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

NASDAQ:GEN opened at $22.61 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock’s fifty day moving average is $24.50 and its two-hundred day moving average is $26.63. Gen Digital Inc. has a 52 week low of $21.33 and a 52 week high of $32.22. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s payout ratio is currently 51.55%.

Analyst Ratings Changes

Several equities analysts have recently commented on GEN shares. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company started coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price on the stock. Finally, Barclays lowered their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.71.

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 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 in the company, valued at $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is currently owned by corporate insiders.

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.