Gen Digital Inc. $GEN Stock Holdings Cut by Citigroup Inc.

Citigroup Inc. lessened its position in Gen Digital Inc. (NASDAQ:GEN) by 61.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 801,313 shares of the company’s stock after selling 1,264,288 shares during the period. Citigroup Inc. owned approximately 0.13% of Gen Digital worth $22,749,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GEN. Choreo LLC raised its position in Gen Digital by 3.2% in the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after acquiring an additional 315 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after purchasing an additional 357 shares in the last quarter. CX Institutional grew its stake in shares of Gen Digital by 0.9% in the 3rd quarter. CX Institutional now owns 55,971 shares of the company’s stock worth $1,589,000 after purchasing an additional 478 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Gen Digital by 0.5% in the 3rd quarter. Amalgamated Bank now owns 108,378 shares of the company’s stock worth $3,077,000 after purchasing an additional 487 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Gen Digital by 0.4% during the second quarter. American Century Companies Inc. now owns 114,511 shares of the company’s stock valued at $3,367,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Up 2.3%

Gen Digital stock opened at $22.80 on Friday. Gen Digital Inc. has a twelve month low of $21.33 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $13.81 billion, a PE ratio of 23.51, a P/E/G ratio of 0.74 and a beta of 1.09. The firm’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $27.04.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.56 EPS. Gen Digital’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. On average, research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on GEN shares. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Barclays reduced their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.29.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction dated 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 directly owned 3,932,980 shares in the company, valued at $106,662,417.60. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is owned by company 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.