Gen Digital Inc. $GEN Stock Holdings Lowered by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,057,586 shares of the company’s stock after selling 89,640 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.17% of Gen Digital worth $30,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GEN. Amundi increased its stake in shares of Gen Digital by 273.3% during the second quarter. Amundi now owns 4,303,552 shares of the company’s stock valued at $128,289,000 after acquiring an additional 3,150,651 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Gen Digital by 82.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,497,501 shares of the company’s stock valued at $132,227,000 after purchasing an additional 2,035,925 shares during the period. Vanguard Group Inc. lifted its stake in Gen Digital by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock worth $2,094,743,000 after acquiring an additional 1,558,983 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Gen Digital by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after purchasing an additional 1,406,869 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Gen Digital by 7.4% in the 2nd quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock worth $467,436,000 after buying an additional 1,088,983 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the 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 directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on GEN. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Barclays cut their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. 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. Royal Bank Of Canada cut their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Zacks Research downgraded shares of Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.29.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $22.81 on Wednesday. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The business’s fifty day moving average price is $25.86 and its two-hundred day moving average price is $27.34. Gen Digital Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $32.22.

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

Gen Digital Dividend Announcement

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. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s payout ratio is currently 51.55%.

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.