Inscription Capital LLC Has $1.16 Million Stock Holdings in Gen Digital Inc. $GEN

Inscription Capital LLC grew its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 157.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,882 shares of the company’s stock after purchasing an additional 24,988 shares during the period. Inscription Capital LLC’s holdings in Gen Digital were worth $1,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after buying an additional 529 shares during the period. Spire Wealth Management increased its position in shares of Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Gen Digital in the second quarter worth approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Gen Digital during the second quarter valued at approximately $44,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GEN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Jefferies Financial Group began coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective for the company. Evercore ISI raised their price objective on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada dropped their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Three equities 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, the company currently has a consensus rating of “Hold” and a consensus target price of $35.43.

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction 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 transaction, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This represents a 2.81% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by insiders.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $25.14 on Wednesday. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 0.87 and a beta of 1.09. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. The business has a fifty day simple moving average of $26.82 and a 200 day simple moving average of $28.16.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping 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 analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 25.3% compared to the same quarter last year. 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, sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

Gen Digital Company 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.