Gen Digital Inc. $GEN Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 16.0% in the 4th quarter, HoldingsChannel reports. The fund owned 146,779 shares of the company’s stock after selling 27,995 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Gen Digital were worth $3,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEN. Blue Trust Inc. boosted its holdings in shares of Gen Digital by 2.4% in the 4th quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock valued at $441,000 after buying an additional 387 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after buying an additional 390 shares in the last quarter. Clearstead Advisors LLC boosted 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Gen Digital by 22.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock valued at $60,000 after buying an additional 414 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of Gen Digital by 0.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock valued at $2,222,000 after buying an additional 426 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GEN shares. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company started coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. Finally, Barclays lowered their target price on shares of Gen Digital from $32.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.86.

Gen Digital Stock Up 1.3%

Shares of NASDAQ:GEN opened at $19.63 on Tuesday. The stock has a market cap of $11.89 billion, a P/E ratio of 20.24 and a beta of 1.10. The firm has a fifty day moving average price of $20.28 and a 200 day moving average price of $24.04. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly 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. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. Gen Digital’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts predict that Gen Digital Inc. will post 2.29 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.5%. Gen Digital’s dividend payout ratio is currently 51.55%.

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.