Gen Digital Inc. $GEN Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 90.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 51,062 shares of the company’s stock after selling 512,656 shares during the quarter. Glenmede Trust Co. NA’s holdings in Gen Digital were worth $961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GEN. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Gen Digital by 9.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock worth $30,128,000 after buying an additional 102,345 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Gen Digital by 3.8% during the 4th quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock valued at $247,027,000 after acquiring an additional 334,156 shares during the last quarter. LBP AM SA lifted its holdings in shares of Gen Digital by 63.7% during the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock worth $20,074,000 after acquiring an additional 287,369 shares during the period. National Pension Service boosted its position in shares of Gen Digital by 13.6% in the fourth quarter. National Pension Service now owns 934,892 shares of the company’s stock worth $25,420,000 after acquiring an additional 112,136 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Gen Digital in the fourth quarter valued at approximately $1,652,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gen Digital

In other Gen Digital news, Director John C. Chrystal acquired 3,000 shares of the stock in a transaction on Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director directly owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. This trade represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. 9.70% of the stock is currently owned by insiders.

Gen Digital Trading Up 0.5%

NASDAQ GEN opened at $28.10 on Friday. The stock has a market cap of $16.82 billion, a P/E ratio of 17.78 and a beta of 1.21. The company’s fifty day simple moving average is $25.90 and its 200-day simple moving average is $23.29. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.64 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Equities research analysts predict that Gen Digital Inc. will post 2.61 EPS for the current fiscal year.

Analysts Set New Price Targets

GEN has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of Gen Digital in a research note on Thursday, July 16th. Barclays increased their target price on 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 downgraded Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.33.

More Gen Digital News

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

• Positive Sentiment: Q1 results beat expectations: Gen Digital reported adjusted earnings of $0.71 per share, above the $0.69 consensus estimate and up from $0.64 a year earlier. Revenue increased 6.3% year over year to $1.34 billion, exceeding analysts’ $1.31 billion forecast. Gen Digital Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Full-year guidance was raised above consensus: Gen Digital now expects fiscal 2027 earnings of $2.87-$2.97 per share, compared with the $2.83 analyst consensus, and revenue of $5.4-$5.5 billion, versus approximately $5.4 billion expected. The stronger outlook signals continued confidence in demand and earnings growth. Gen Digital Raises Annual Forecast on Strong Cybersecurity Demand
• Positive Sentiment: Near-term forecast also topped expectations: Second-quarter fiscal 2027 EPS guidance of $0.71-$0.73 is above the $0.70 consensus estimate, while revenue guidance of $1.3-$1.4 billion is broadly in line with expectations. Gen Further Accelerates in Q1 FY27 and Raises Full Year Guidance
• Neutral Sentiment: The earnings release showed a 19.46% net margin and 55.47% return on equity, highlighting strong profitability, though Gen Digital continues to operate with elevated leverage.

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.