Dakota Wealth Management Purchases 83,783 Shares of Gen Digital Inc. $GEN

Dakota Wealth Management boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 105.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,054 shares of the company’s stock after purchasing an additional 83,783 shares during the period. Dakota Wealth Management’s holdings in Gen Digital were worth $4,629,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake 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 valued at $31,000 after acquiring an additional 994 shares during the last quarter. True Wealth Design LLC increased 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 valued at $31,000 after purchasing an additional 529 shares in the last quarter. Clearstead Advisors LLC raised its position in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Gen Digital in the 2nd quarter valued at $44,000. Finally, MUFG Securities EMEA plc acquired a new position in Gen Digital in the second quarter worth $47,000. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $21.95 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a 1-year low of $21.33 and a 1-year high of $32.22. The stock has a market capitalization of $13.29 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.72 and a beta of 1.09. The business has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $27.10.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. Gen Digital’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 EPS. 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 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. Stockholders of record on Monday, February 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.3%. Gen Digital’s dividend payout ratio is 51.55%.

Insider Activity

In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GEN. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Barclays decreased their price objective on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Evercore boosted their target price 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. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.29.

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.