Assenagon Asset Management S.A. Sells 64,075 Shares of Gen Digital Inc. $GEN

Assenagon Asset Management S.A. lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,827 shares of the company’s stock after selling 64,075 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Gen Digital were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GEN. Choreo LLC increased its stake in Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after acquiring an additional 315 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings 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 worth $279,000 after acquiring an additional 357 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Gen Digital by 20.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after acquiring an additional 390 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Gen Digital by 22.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock valued at $60,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Down 3.3%

GEN stock opened at $18.34 on Friday. Gen Digital Inc. has a twelve month low of $18.20 and a twelve month high of $32.22. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.61 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The firm’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $25.60.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 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 firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. 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. As a group, analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. Gen Digital’s dividend payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts 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. Barclays dropped their price objective on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company assumed coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group upgraded Gen Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gen Digital currently has a consensus rating of “Hold” and a consensus price target of $32.71.

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.