Gen Digital Inc. $GEN Stake Boosted by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 1,150.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,770 shares of the company’s stock after buying an additional 308,000 shares during the period. Gen Digital makes up 2.3% of Lingohr Asset Management GmbH’s holdings, making the stock its 8th largest position. Lingohr Asset Management GmbH owned approximately 0.05% of Gen Digital worth $9,504,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GEN. National Pension Service increased its holdings in Gen Digital by 26.1% in the 3rd quarter. National Pension Service now owns 822,756 shares of the company’s stock worth $23,358,000 after buying an additional 170,214 shares during the period. Arizona State Retirement System boosted its stake in shares of Gen Digital by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 155,497 shares of the company’s stock worth $4,415,000 after acquiring an additional 2,410 shares in the last quarter. JSF Financial LLC boosted its position in Gen Digital by 1.5% during the third quarter. JSF Financial LLC now owns 40,772 shares of the company’s stock worth $1,158,000 after purchasing an additional 599 shares in the last quarter. Coastal Bridge Advisors LLC lifted its position in shares of Gen Digital by 1.8% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 59,308 shares of the company’s stock valued at $1,684,000 after buying an additional 1,034 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Gen Digital by 14.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,777 shares of the company’s stock valued at $3,400,000 after purchasing an additional 15,556 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction that occurred on Wednesday, December 10th. The shares were 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 directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Chrystal purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director owned 28,419 shares of the company’s stock, valued at $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 9.30% of the company’s stock.

Gen Digital Stock Up 0.4%

Shares of Gen Digital stock opened at $23.99 on Friday. 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 P/E ratio of 26.08, a PEG ratio of 0.80 and a beta of 1.09. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The firm has a fifty day moving average of $26.57 and a two-hundred day moving average of $27.91.

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

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 2.1%. Gen Digital’s payout ratio is presently 54.35%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEN. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group assumed coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Evercore ISI increased their price target 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. Finally, Royal Bank Of Canada lowered their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.43.

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.