US Bancorp DE Cuts Stake in Gen Digital Inc. $GEN

US Bancorp DE lowered its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,266 shares of the company’s stock after selling 7,486 shares during the period. US Bancorp DE’s holdings in Gen Digital were worth $1,831,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC boosted its position in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after purchasing an additional 854 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in 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. Tsfg LLC bought a new stake in Gen Digital during the first quarter valued at about $52,000. Rise Advisors LLC boosted its position in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after purchasing an additional 381 shares in the last quarter. Finally, Capital Analysts LLC bought a new stake in Gen Digital during the first quarter valued at about $85,000. Institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Up 0.8%

Shares of NASDAQ:GEN opened at $27.04 on Thursday. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.90 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The business has a 50-day moving average price of $29.36 and a 200-day moving average price of $28.46.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday. Barclays raised their price target on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Finally, 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 report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

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.