TD Asset Management Inc Sells 25,629 Shares of Gen Digital Inc. $GEN

TD Asset Management Inc lowered its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 3.0% in the third quarter, Holdings Channel reports. The institutional investor owned 836,522 shares of the company’s stock after selling 25,629 shares during the period. TD Asset Management Inc’s holdings in Gen Digital were worth $23,749,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GEN. Aviva PLC increased its position in shares of Gen Digital by 6.6% during the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock valued at $11,970,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group boosted its stake in Gen Digital by 48.1% during the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after buying an additional 317,468 shares in the last quarter. Vanguard Group Inc. increased its holdings in Gen Digital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after buying an additional 964,046 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Gen Digital in the 2nd quarter valued at $394,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after acquiring an additional 101,580 shares during the period. Institutional investors 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 the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the sale, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is currently owned by company insiders.

Gen Digital Stock Performance

NASDAQ:GEN opened at $22.57 on Friday. The stock has a market capitalization of $13.67 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.09. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a 1 year low of $21.33 and a 1 year high of $32.22. The firm has a 50 day moving average of $25.02 and a 200-day moving average of $26.95.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $0.56 EPS. The business’s revenue was up 25.8% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of analysts recently weighed in on GEN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Evercore lifted their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada dropped their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Barclays decreased their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.29.

Gen Digital 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.