Leonteq Securities AG Has $256,000 Holdings in Gen Digital Inc. $GEN

Leonteq Securities AG trimmed its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 65.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,587 shares of the company’s stock after selling 26,141 shares during the period. Leonteq Securities AG’s holdings in Gen Digital were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GEN. Vanguard Group Inc. lifted its holdings in Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after buying an additional 1,096,313 shares in the last quarter. State Street Corp boosted its holdings in Gen Digital by 3.4% in the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after acquiring an additional 1,015,755 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Gen Digital by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock valued at $651,867,000 after acquiring an additional 487,393 shares during the last quarter. First Trust Advisors LP increased its position in Gen Digital by 22.3% in the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after purchasing an additional 3,640,451 shares during the period. Finally, Boston Partners raised its holdings in Gen Digital by 14.3% during the 4th quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after purchasing an additional 1,954,712 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Gen Digital in a research note on Thursday, June 18th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada upped their price objective on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gen Digital presently has an average rating of “Hold” and an average price target of $31.29.

Gen Digital Trading Up 1.1%

GEN stock traded up $0.29 during midday trading on Tuesday, hitting $26.89. 484,361 shares of the company’s stock were exchanged, compared to its average volume of 7,113,506. The stock’s fifty day moving average price is $23.71 and its 200-day moving average price is $23.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $16.20 billion, a PE ratio of 17.02 and a beta of 1.21. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. 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. Research analysts predict that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s payout ratio is presently 31.65%.

Insider Activity at Gen Digital

In other news, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Chrystal acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the completion of 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 ownership of the stock. The SEC filing for this purchase provides additional information. 9.30% of the stock is owned by corporate insiders.

About Gen Digital

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.