Arkadios Wealth Advisors Has $3.90 Million Position in Gen Digital Inc. $GEN

Arkadios Wealth Advisors boosted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 30.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,316 shares of the company’s stock after purchasing an additional 32,104 shares during the period. Arkadios Wealth Advisors’ holdings in Gen Digital were worth $3,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its holdings in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after acquiring an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Gen Digital during the second quarter valued at $32,000. True Wealth Design LLC grew its stake in Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after purchasing an additional 529 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Gen Digital in the 2nd quarter worth about $44,000. Finally, MUFG Securities EMEA plc acquired a new position in Gen Digital in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

NASDAQ GEN opened at $25.14 on Wednesday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The company has a fifty day simple moving average of $26.82 and a 200 day simple moving average of $28.16. 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 company has a market cap of $15.50 billion, a P/E ratio of 27.33, a P/E/G ratio of 0.87 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm 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 firm posted $0.54 EPS. The business’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. On average, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on GEN. 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 target for the company. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Evercore ISI increased their price target on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada cut their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.43.

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $27.14 per share, with a total value of $135,700.00. Following the acquisition, the director directly owned 28,419 shares of the company’s stock, valued at $771,291.66. This represents a 21.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 9.30% of the company’s stock.

About Gen Digital

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.