Caxton Associates LLP Takes $3.56 Million Position in Gen Digital Inc. $GEN

Caxton Associates LLP purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 121,017 shares of the company’s stock, valued at approximately $3,558,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Gen Digital during the 2nd quarter valued at about $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Gen Digital in the second quarter valued at about $44,000. Geneos Wealth Management Inc. grew its position in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Gen Digital during the 2nd quarter worth approximately $47,000. Finally, Rise Advisors LLC raised its position in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Chrystal purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director owned 28,419 shares of the company’s stock, valued at $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GEN has been the topic of a number of recent research reports. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Morgan Stanley upped their price objective on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada decreased their price objective on 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on shares of Gen Digital in a report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Three 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.com, Gen Digital currently has an average rating of “Hold” and a consensus price target of $35.43.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $27.67 on Friday. The company has a market cap of $17.06 billion, a P/E ratio of 30.08, a P/E/G ratio of 0.92 and a beta of 1.11. The business has a fifty day simple moving average of $26.68 and a 200-day simple moving average of $28.62. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43.

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. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $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. Equities research analysts forecast 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 was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, November 17th. Gen Digital’s payout ratio is presently 54.35%.

About Gen Digital

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.