Gen Digital Inc. $GEN Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,351,305 shares of the company’s stock after selling 48,007 shares during the quarter. Dimensional Fund Advisors LP owned about 1.03% of Gen Digital worth $180,334,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC boosted its position in shares of Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the last quarter. Spire Wealth Management increased its position in Gen Digital by 1,183.3% during the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares during the last quarter. Clearstead Advisors LLC raised its stake in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Gen Digital during the second quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 1,183 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Price Performance

GEN stock opened at $22.61 on Monday. The firm has a market cap of $13.69 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.11. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. Gen Digital Inc. has a 1 year low of $21.33 and a 1 year high of $32.22. The stock has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $26.59.

Gen Digital (NASDAQ:GEN) last released 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.Gen Digital’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share 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. Stockholders of record on Monday, February 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s payout ratio is presently 51.55%.

Analyst Ratings Changes

Several analysts have recently issued reports on GEN shares. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Wells Fargo & Company assumed coverage on Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price on the stock. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Barclays cut their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.71.

Insider Buying and Selling at Gen Digital

In related news, 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 completion of the sale, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $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 accessible through this link. 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.