TD Asset Management Inc Has $23.75 Million Position in Gen Digital Inc. $GEN

TD Asset Management Inc reduced its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 836,522 shares of the company’s stock after selling 25,629 shares during the period. TD Asset Management Inc owned 0.14% of Gen Digital worth $23,749,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC boosted its position in Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after purchasing an additional 529 shares during the last quarter. Spire Wealth Management raised its stake in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Gen Digital in the 2nd quarter valued at approximately $44,000. Finally, Geneos Wealth Management Inc. increased its holdings in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Stock Performance

NASDAQ:GEN opened at $22.57 on Friday. The firm has a market capitalization of $13.67 billion, a PE ratio of 23.27, a PEG ratio of 0.75 and a beta of 1.09. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a 1 year low of $21.33 and a 1 year high of $32.22. The firm’s fifty day simple moving average is $25.02 and its 200 day simple moving average is $26.95.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business’s quarterly 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Insider Activity at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the 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 directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEN. Barclays reduced 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. Royal Bank Of Canada reduced their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Evercore increased their target price on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and an average price target of $35.29.

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.