Gen Digital Inc. $GEN Shares Sold by Lbp Am Sa

Lbp Am Sa lessened its stake in Gen Digital Inc. (NASDAQ:GEN) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,903 shares of the company’s stock after selling 31,336 shares during the quarter. Lbp Am Sa’s holdings in Gen Digital were worth $12,801,000 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. Vanguard Group Inc. raised its position in shares of Gen Digital by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock worth $2,094,743,000 after buying an additional 1,558,983 shares during the period. State Street Corp raised its holdings in shares of Gen Digital by 1.2% in the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock worth $868,566,000 after purchasing an additional 349,289 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Gen Digital by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after purchasing an additional 1,406,869 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Gen Digital by 7.4% during the 2nd quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock worth $467,436,000 after purchasing an additional 1,088,983 shares during the period. Finally, Geode Capital Management LLC increased its position in Gen Digital by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock worth $449,507,000 after purchasing an additional 101,791 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Price Performance

GEN stock opened at $25.63 on Tuesday. 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 stock’s 50 day moving average is $26.72 and its two-hundred day moving average is $28.03. The company has a market capitalization of $15.81 billion, a PE ratio of 27.86, a P/E/G ratio of 0.85 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.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. 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. Analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 17th. Gen Digital’s payout ratio is currently 54.35%.

Insider Activity at Gen Digital

In other news, Director John C. Chrystal purchased 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 28,419 shares in the company, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction 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 transaction, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price target on the stock. Royal Bank Of Canada decreased their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Evercore ISI boosted their price objective on Gen Digital from $35.00 to $37.00 and gave the stock 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 research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday. Three 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.43.

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.