Gen Digital Inc. $GEN Holdings Reduced by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 55.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 751,328 shares of the company’s stock after selling 925,804 shares during the quarter. Quantinno Capital Management LP’s holdings in Gen Digital were worth $14,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Gen Digital in the 4th quarter worth approximately $27,000. Weiss Asset Management LP bought a new position in shares of Gen Digital in the first quarter worth $41,000. TD Private Client Wealth LLC increased its holdings in shares of Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after purchasing an additional 611 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Gen Digital during the second quarter valued at about $47,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Price Performance

GEN opened at $27.45 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22. The stock has a fifty day moving average of $25.62 and a 200-day moving average of $23.24. The firm has a market capitalization of $16.43 billion, a P/E ratio of 17.37 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. 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. Equities analysts forecast that Gen Digital Inc. will post 2.61 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a $0.125 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s dividend payout ratio is presently 31.65%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GEN shares. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 price target on shares of Gen Digital in a research report on Thursday, July 16th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Barclays raised their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.

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.