LSV Asset Management Sells 79,184 Shares of Gen Digital Inc. $GEN

LSV Asset Management lowered its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,544,516 shares of the company’s stock after selling 79,184 shares during the quarter. LSV Asset Management’s holdings in Gen Digital were worth $242,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Aviva PLC grew its stake in Gen Digital by 6.6% in the 2nd quarter. Aviva PLC now owns 407,156 shares of the company’s stock valued at $11,970,000 after buying an additional 25,315 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Gen Digital by 48.1% during the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock valued at $28,755,000 after acquiring an additional 317,468 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Gen Digital during the second quarter valued at about $394,000. Mackenzie Financial Corp grew its position in shares of Gen Digital by 39.4% in the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after purchasing an additional 101,580 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Gen Digital by 481.8% in the third quarter. Teacher Retirement System of Texas now owns 462,830 shares of the company’s stock worth $13,140,000 after purchasing an additional 383,279 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Trading Down 2.0%

Shares of GEN stock opened at $24.67 on Thursday. The company has a market capitalization of $14.94 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.83 and a beta of 1.09. Gen Digital Inc. has a 12-month low of $22.14 and a 12-month high of $32.22. The company has a quick ratio of 0.51, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The firm has a 50-day moving average price of $26.15 and a 200 day moving average price of $27.53.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data 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 analyst estimates of $1.23 billion. During the same quarter last year, the business posted $0.56 earnings per share. The company’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. Research analysts forecast 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 will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Evercore raised their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Barclays cut their target price on shares of 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. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.29.

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.