Chase Investment Counsel Corp Sells 111,728 Shares of Gen Digital Inc. $GEN

Chase Investment Counsel Corp lowered its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 43.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,762 shares of the company’s stock after selling 111,728 shares during the quarter. Gen Digital makes up approximately 1.2% of Chase Investment Counsel Corp’s portfolio, making the stock its 26th largest holding. Chase Investment Counsel Corp’s holdings in Gen Digital were worth $4,166,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Gen Digital by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after acquiring an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Gen Digital in the 1st quarter worth approximately $205,000. Woodline Partners LP lifted its stake in Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after purchasing an additional 7,562 shares during the last quarter. Focus Partners Wealth lifted its stake in Gen Digital by 9.7% in the first quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Gen Digital by 221.5% during 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 period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business’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 value 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 $106,662,417.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Evercore boosted their price target on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Barclays cut 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 report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.29.

Gen Digital Trading Down 3.1%

Shares of GEN stock opened at $21.65 on Tuesday. The company has a market capitalization of $13.11 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a 52-week low of $21.33 and a 52-week high of $32.22. The business’s fifty day moving average is $25.44 and its 200 day moving average is $27.16. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47.

Gen Digital (NASDAQ:GEN) last announced its 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 return on equity of 56.76% and a net margin of 12.76%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $0.56 EPS. The company’s quarterly revenue 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 research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

Gen Digital 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.