Gen Digital Inc. $GEN Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. decreased its stake in Gen Digital Inc. (NASDAQ:GEN) by 7.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,268,735 shares of the company’s stock after selling 1,284,841 shares during the quarter. Gen Digital makes up 2.6% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 5th largest holding. Beutel Goodman & Co Ltd.’s holdings in Gen Digital were worth $448,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Choreo LLC raised its holdings in shares of Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after purchasing an additional 315 shares during the period. Beacon Pointe Advisors LLC raised its stake in Gen Digital by 3.9% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after acquiring an additional 357 shares during the period. Rise Advisors LLC lifted its holdings in Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after purchasing an additional 381 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Gen Digital by 0.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after purchasing an additional 427 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in Gen Digital by 5.7% during the second 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 period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Activity at Gen Digital

In other news, Director John C. Chrystal bought 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director directly owned 28,419 shares in the company, valued at approximately $771,291.66. This represents a 21.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

Gen Digital Stock Down 0.5%

Shares of GEN opened at $27.06 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The stock’s 50-day moving average price is $26.80 and its two-hundred day moving average price is $28.64. The company has a market capitalization of $16.69 billion, a PE ratio of 29.41, a PEG ratio of 0.91 and a beta of 1.11.

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

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 17th. Gen Digital’s payout ratio is presently 54.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GEN shares. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Morgan Stanley raised their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Evercore ISI boosted their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.43.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.