Aberdeen Group plc Sells 32,289 Shares of Gen Digital Inc. $GEN

Aberdeen Group plc reduced its holdings in Gen Digital Inc. (NASDAQ:GEN) by 7.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,424 shares of the company’s stock after selling 32,289 shares during the period. Aberdeen Group plc owned approximately 0.07% of Gen Digital worth $12,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GEN. Vanguard Group Inc. lifted its stake in Gen Digital by 2.2% in the second quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock worth $2,094,743,000 after purchasing an additional 1,558,983 shares during the last quarter. State Street Corp boosted its stake in shares of Gen Digital by 1.2% during the second quarter. State Street Corp now owns 29,543,051 shares of the company’s stock valued at $868,566,000 after purchasing an additional 349,289 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Gen Digital by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after acquiring an additional 1,406,869 shares in the last quarter. First Trust Advisors LP grew its stake in Gen Digital by 7.4% in the second quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock valued at $467,436,000 after purchasing an additional 1,088,983 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Gen Digital by 0.7% during the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after acquiring an additional 101,791 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Down 3.3%

Shares of NASDAQ:GEN opened at $22.34 on Friday. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.77 and a beta of 1.09. Gen Digital Inc. has a 1 year low of $22.14 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The business’s 50-day moving average is $25.66 and its 200-day moving average is $27.27.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Equities research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Gen Digital’s payout ratio is 51.55%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore boosted their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada reduced their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Gen Digital has a consensus rating of “Hold” and an average price target of $35.29.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the firm’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 transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.30% of the company’s stock.

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.