AustralianSuper Pty Ltd Sells 85,458 Shares of Gen Digital Inc. $GEN

AustralianSuper Pty Ltd reduced its position in Gen Digital Inc. (NASDAQ:GEN) by 35.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,521 shares of the company’s stock after selling 85,458 shares during the period. AustralianSuper Pty Ltd’s holdings in Gen Digital were worth $4,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aviva PLC raised its stake in shares of Gen Digital by 6.6% during the 2nd quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group increased its stake in shares of Gen Digital by 48.1% during the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after purchasing an additional 317,468 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Gen Digital in the 2nd quarter worth approximately $394,000. Mackenzie Financial Corp lifted its stake in Gen Digital by 39.4% in the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after purchasing an additional 101,580 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Gen Digital during the second quarter valued at $341,000. Institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In other news, Director John C. Chrystal bought 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director owned 28,419 shares in the company, valued at $771,291.66. The trade was a 21.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GEN. Zacks Research cut Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Jefferies Financial Group initiated coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Evercore ISI boosted their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.43.

Gen Digital Trading Up 0.4%

Shares of NASDAQ GEN opened at $23.99 on Friday. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The firm’s 50 day moving average price is $26.57 and its 200-day moving average price is $27.91. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $14.80 billion, a PE ratio of 26.08, a P/E/G ratio of 0.80 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.Gen Digital’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. 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. On average, equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were given a dividend of $0.125 per share. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Gen Digital’s dividend payout ratio is 54.35%.

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.