Gen Digital Inc. $GEN Stock Position Lowered by Fifth Third Bancorp

Fifth Third Bancorp lessened its position in Gen Digital Inc. (NASDAQ:GEN) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,924 shares of the company’s stock after selling 1,529 shares during the quarter. Fifth Third Bancorp’s holdings in Gen Digital were worth $321,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC increased its stake in Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after buying an additional 854 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Gen Digital by 221.5% in the 1st 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 during the period. Tsfg LLC bought a new stake in Gen Digital in the 1st quarter valued at $52,000. Rise Advisors LLC lifted its holdings in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares during the period. Finally, Capital Analysts LLC bought a new position in shares of Gen Digital during the 1st quarter worth about $85,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GEN has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Barclays raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Morgan Stanley raised their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. B. Riley assumed coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Evercore ISI assumed coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Gen Digital presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Gen Digital Stock Down 1.4%

Gen Digital stock opened at $28.39 on Wednesday. The company’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $28.48. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.53 EPS. Gen Digital’s quarterly revenue was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.