Gen Digital Inc. $GEN Position Reduced by LSV Asset Management

LSV Asset Management decreased its position in Gen Digital Inc. (NASDAQ:GEN) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,544,516 shares of the company’s stock after selling 79,184 shares during the quarter. LSV Asset Management owned about 1.39% of Gen Digital worth $242,579,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Gen Digital by 2.2% in the second quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock valued at $2,094,743,000 after buying an additional 1,558,983 shares in the last quarter. State Street Corp boosted its stake in shares of Gen Digital by 1.2% during the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock worth $868,566,000 after acquiring an additional 349,289 shares in the last quarter. Ameriprise Financial Inc. grew its holdings 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 worth $660,730,000 after acquiring an additional 1,406,869 shares during the last quarter. First Trust Advisors LP raised its position in shares of Gen Digital by 7.4% during the second 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 lifted its holdings in shares of Gen Digital by 0.7% during the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after purchasing an additional 101,791 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Trading Down 2.0%

Shares of NASDAQ:GEN opened at $24.67 on Thursday. The firm has a fifty day moving average of $26.15 and a two-hundred day moving average of $27.53. The company has a quick ratio of 0.51, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a 12-month low of $22.14 and a 12-month high of $32.22. The firm has a market capitalization of $14.94 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business posted $0.56 earnings per share. Gen Digital’s revenue for the quarter was up 25.8% compared to the same quarter last year. 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, equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Analyst Ratings Changes

A number of research firms recently weighed in on GEN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Barclays reduced their price objective 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. Zacks Research downgraded shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Royal Bank Of Canada cut their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.29.

Insider Activity

In other news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the sale, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.