Swedbank AB Has $20.43 Million Stake in Gen Digital Inc. $GEN

Swedbank AB trimmed its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 751,319 shares of the company’s stock after selling 45,986 shares during the period. Swedbank AB’s holdings in Gen Digital were worth $20,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. Spire Wealth Management increased 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 valued at $31,000 after buying an additional 994 shares during the last quarter. Clearstead Advisors LLC increased its stake in 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 during the last quarter. Geneos Wealth Management Inc. increased its stake 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. MUFG Securities EMEA plc acquired a new stake in Gen Digital in the 2nd quarter valued at $47,000. Finally, Brown Brothers Harriman & Co. increased its stake 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. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday. Barclays lifted their price target on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Wells Fargo & Company assumed coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus price target of $31.29.

Gen Digital Stock Performance

Shares of GEN opened at $22.71 on Friday. The firm has a 50-day moving average of $20.15 and a 200-day moving average of $23.90. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22. The company has a market cap of $13.76 billion, a PE ratio of 14.38 and a beta of 1.10. 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 (NASDAQ:GEN) last announced its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 56.78%. Gen Digital’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. 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. As a group, equities analysts forecast that Gen Digital Inc. will post 2.66 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. Gen Digital’s payout ratio is presently 51.55%.

Gen Digital News Summary

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital beat quarterly expectations, with revenue and EPS both coming in above estimates, and said Trust-Based Solutions revenue surged sharply year over year. The results suggest improving growth momentum and stronger demand in cybersecurity. Article Title
• Positive Sentiment: The company raised fiscal 2027 guidance above Wall Street expectations, pointing to 8%–10% revenue growth and adjusted EPS of $2.85–$2.95, which reinforced optimism about future earnings power. Article Title
• Positive Sentiment: RBC lifted its price target on Gen Digital to $24 from $22, signaling slightly improved analyst confidence even though the firm kept a “sector perform” rating. Article Title
• Neutral Sentiment: Gen Digital announced a quarterly dividend of $0.125 per share, which may support income-focused investors but is not a major growth catalyst by itself.

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.