Andra AP fonden Sells 387,635 Shares of Gen Digital Inc. $GEN

Andra AP fonden cut its stake in Gen Digital Inc. (NASDAQ:GEN) by 57.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,437 shares of the company’s stock after selling 387,635 shares during the quarter. Andra AP fonden’s holdings in Gen Digital were worth $5,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Gen Digital during the fourth quarter valued at approximately $27,000. TD Private Client Wealth LLC grew its holdings in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Gen Digital in the 2nd quarter valued at $47,000. Geneos Wealth Management Inc. raised its position in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Gen Digital by 47.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after buying an additional 568 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $25.58 on Thursday. The company has a market capitalization of $15.41 billion, a P/E ratio of 16.19 and a beta of 1.21. The company’s 50-day moving average is $25.27 and its 200 day moving average is $23.22. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that Gen Digital Inc. will post 2.61 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

Analysts Set New Price Targets

A number of research firms have issued reports on GEN. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $27.00 price objective on shares of Gen Digital in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Argus raised shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Barclays boosted their price target on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.33.

Insider Activity at Gen Digital

In related news, Director John C. Chrystal purchased 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the transaction, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

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.