Diversified Trust Co Boosts Position in Gen Digital Inc. $GEN

Diversified Trust Co raised its position in Gen Digital Inc. (NASDAQ:GEN) by 11.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,396 shares of the company’s stock after acquiring an additional 23,035 shares during the quarter. Diversified Trust Co’s holdings in Gen Digital were worth $6,172,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Gen Digital by 43.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock valued at $325,662,000 after purchasing an additional 3,724,211 shares during the last quarter. Amundi grew its position in 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 buying an additional 3,150,651 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Gen Digital during the first quarter valued at approximately $71,287,000. Arrowstreet Capital Limited Partnership raised its position in Gen Digital by 82.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,497,501 shares of the company’s stock worth $132,227,000 after acquiring an additional 2,035,925 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Gen Digital by 328.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company’s stock worth $71,145,000 after acquiring an additional 1,855,504 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reduced their price objective on 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. Morgan Stanley upped their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective on the stock. Evercore ISI boosted their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $35.43.

Gen Digital Stock Performance

NASDAQ GEN opened at $27.58 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The business has a 50-day moving average price of $26.83 and a 200-day moving average price of $28.52. The firm has a market cap of $17.01 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, equities research 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 was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, November 17th. Gen Digital’s payout ratio is 54.35%.

Insiders Place Their Bets

In related news, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is currently owned by corporate insiders.

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.