Assenagon Asset Management S.A. Trims Holdings in Gen Digital Inc. $GEN

Assenagon Asset Management S.A. trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 25.8% in the 4th quarter, Holdings Channel reports. The firm owned 183,827 shares of the company’s stock after selling 64,075 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Gen Digital were worth $4,998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GEN. True Wealth Design LLC lifted its holdings in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares in the last quarter. Spire Wealth Management grew its stake in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Gen Digital during the second quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 1,183 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Price Performance

NASDAQ GEN opened at $18.34 on Friday. The firm’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $25.60. 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 12-month low of $18.20 and a 12-month high of $32.22. The firm has a market capitalization of $11.11 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.61 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The firm had revenue of $1.24 billion during 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%.The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were paid a $0.125 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GEN shares. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays reduced their price target 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. Wells Fargo & Company initiated coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target for the company. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.71.

About Gen Digital

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.