HB Wealth Management LLC Sells 4,571 Shares of Gen Digital Inc. $GEN

HB Wealth Management LLC trimmed its position in Gen Digital Inc. (NASDAQ:GEN) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,986 shares of the company’s stock after selling 4,571 shares during the period. HB Wealth Management LLC’s holdings in Gen Digital were worth $558,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Gen Digital by 3,511.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 391,176 shares of the company’s stock valued at $11,501,000 after buying an additional 380,343 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Gen Digital by 23.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 10,473 shares of the company’s stock valued at $308,000 after buying an additional 1,980 shares during the last quarter. Kendall Capital Management boosted its position in Gen Digital by 63.0% in the 2nd quarter. Kendall Capital Management now owns 98,845 shares of the company’s stock valued at $2,906,000 after buying an additional 38,205 shares during the last quarter. Patton Fund Management Inc. bought a new position in Gen Digital in the 2nd quarter valued at $256,000. Finally, Novem Group bought a new position in shares of Gen Digital in the 2nd quarter worth $908,000. 81.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GEN has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Barclays raised their price target on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Wells Fargo & Company raised their price target on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research report on Friday. They issued a “hold” rating and a $31.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Performance

Shares of Gen Digital stock opened at $27.82 on Friday. The company has a market capitalization of $17.13 billion, a PE ratio of 28.68, a PEG ratio of 0.94 and a beta of 0.94. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock’s fifty day simple moving average is $29.74 and its 200 day simple moving average is $28.48.

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

Gen Digital Dividend Announcement

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