Gen Digital Inc. $GEN Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Gen Digital Inc. (NASDAQ:GEN) by 1.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,591 shares of the company’s stock after selling 1,169 shares during the period. Mutual of America Capital Management LLC’s holdings in Gen Digital were worth $2,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEN. Catalyst Capital Advisors LLC grew its position 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 in the last quarter. Geneos Wealth Management Inc. grew its position 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 buying an additional 1,183 shares in the last quarter. Tsfg LLC bought a new position in Gen Digital in the 1st quarter valued at about $52,000. Rise Advisors LLC grew its position in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares in the last quarter. Finally, Capital Analysts LLC bought a new position in Gen Digital in the 1st quarter valued at about $85,000. Institutional investors own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GEN has been the subject of several research reports. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Wells Fargo & Company raised their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their price objective 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. Finally, Jefferies Financial Group initiated coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gen Digital has a consensus rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Price Performance

NASDAQ GEN opened at $27.22 on Friday. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.94. The company has a 50 day simple moving average of $28.81 and a 200-day simple moving average of $28.57. 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 Inc. has a 52-week low of $22.74 and a 52-week high of $32.22.

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

Gen Digital Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, August 18th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Gen Digital Profile

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.