Teacher Retirement System of Texas Grows Position in Gen Digital Inc. $GEN

Teacher Retirement System of Texas raised its position in Gen Digital Inc. (NASDAQ:GEN) by 481.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 462,830 shares of the company’s stock after purchasing an additional 383,279 shares during the period. Teacher Retirement System of Texas’ holdings in Gen Digital were worth $13,140,000 as of its most recent filing with the Securities and Exchange Commission.

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

Gen Digital Stock Up 0.8%

GEN opened at $25.41 on Friday. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The stock has a market capitalization of $15.67 billion, a P/E ratio of 27.62, a P/E/G ratio of 0.85 and a beta of 1.09. The business has a 50 day simple moving average of $26.73 and a 200-day simple moving average of $28.07.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Gen Digital’s revenue was up 25.3% compared to the same quarter last year. 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, equities analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors 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 dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

GEN has been the topic of a number of research reports. Royal Bank Of Canada lowered their price target 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. Evercore ISI lifted their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Jefferies Financial Group began coverage on Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.43.

Insider Transactions at Gen Digital

In other news, Director John C. Chrystal purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price 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 $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is currently owned by insiders.

Gen Digital 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.