Dakota Wealth Management Has $4.63 Million Position in Gen Digital Inc. $GEN

Dakota Wealth Management lifted its position in Gen Digital Inc. (NASDAQ:GEN) by 105.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,054 shares of the company’s stock after acquiring an additional 83,783 shares during the period. Dakota Wealth Management’s holdings in Gen Digital were worth $4,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC grew its holdings in Gen Digital by 3.2% during the second 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 boosted its position in shares of Gen Digital by 3.9% during the second quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock worth $279,000 after purchasing an additional 357 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Gen Digital by 48.6% in 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 period. CX Institutional grew its holdings in shares of Gen Digital by 0.9% in the 3rd quarter. CX Institutional now owns 55,971 shares of the company’s stock valued at $1,589,000 after buying an additional 478 shares during the period. Finally, Amalgamated Bank increased its position in shares of Gen Digital by 0.5% in the 3rd quarter. Amalgamated Bank now owns 108,378 shares of the company’s stock valued at $3,077,000 after buying an additional 487 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Activity at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction 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 in the company, 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 can be accessed through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Gen Digital Stock Up 1.4%

GEN stock opened at $21.95 on Wednesday. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $13.29 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.72 and a beta of 1.09. The business has a 50-day moving average of $25.33 and a 200-day moving average of $27.10. Gen Digital Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.Gen Digital’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. 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 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on GEN shares. Evercore lifted their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Barclays dropped their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.