Gen Digital Inc. $GEN Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in Gen Digital Inc. (NASDAQ:GEN) by 61.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,717 shares of the company’s stock after selling 57,317 shares during the period. Intech Investment Management LLC’s holdings in Gen Digital were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Choreo LLC raised its stake in Gen Digital by 3.2% during the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after acquiring an additional 315 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in Gen Digital by 3.9% in the second quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after acquiring an additional 357 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares in the last quarter. CX Institutional grew its holdings in shares of Gen Digital by 0.9% during the third quarter. CX Institutional now owns 55,971 shares of the company’s stock worth $1,589,000 after purchasing an additional 478 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Gen Digital by 0.5% during the third quarter. Amalgamated Bank now owns 108,378 shares of the company’s stock worth $3,077,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $22.61 on Friday. Gen Digital Inc. has a one year low of $21.33 and a one year high of $32.22. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.75 and a beta of 1.11. The company has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $26.63. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47.

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

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEN. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Wells Fargo & Company assumed coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target on the stock. Barclays cut their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.71.

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.