Swiss Life Asset Management Ltd Has $2.22 Million Position in Gen Digital Inc. $GEN

Swiss Life Asset Management Ltd lessened its position in Gen Digital Inc. (NASDAQ:GEN) by 59.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,122 shares of the company’s stock after selling 115,934 shares during the period. Swiss Life Asset Management Ltd’s holdings in Gen Digital were worth $2,218,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GEN. Goldman Sachs Group Inc. boosted its position in shares of Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after purchasing an additional 28,522 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Gen Digital in the 1st quarter valued at $205,000. Woodline Partners LP raised its stake in Gen Digital by 37.8% during the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after buying an additional 7,562 shares during the period. Focus Partners Wealth raised its stake in Gen Digital by 9.7% during the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after buying an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Trading Up 0.2%

NASDAQ GEN opened at $21.02 on Tuesday. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 0.70 and a beta of 1.11. The stock’s 50 day moving average price is $23.26 and its two-hundred day moving average price is $25.87. 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 Inc. has a 52 week low of $20.15 and a 52 week high of $32.22.

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

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, February 13th. Gen Digital’s payout ratio is presently 51.55%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEN. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays lowered their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company started 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.