TD Asset Management Inc Reduces Stock Holdings in Gen Digital Inc. $GEN

TD Asset Management Inc lessened its stake in Gen Digital Inc. (NASDAQ:GEN) by 5.1% in the second quarter, Holdings Channel reports. The fund owned 862,151 shares of the company’s stock after selling 46,345 shares during the quarter. TD Asset Management Inc’s holdings in Gen Digital were worth $25,347,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its position in shares of Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after purchasing an additional 854 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the period. Tsfg LLC acquired a new position in Gen Digital in the 1st quarter worth $52,000. Rise Advisors LLC boosted its position in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares during the last quarter. Finally, Capital Analysts LLC purchased a new position in Gen Digital in the 1st quarter valued at about $85,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Up 0.2%

NASDAQ:GEN opened at $26.52 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The stock has a 50-day simple moving average of $29.25 and a 200 day simple moving average of $28.46.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.9%. Gen Digital’s payout ratio is presently 51.55%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Barclays lifted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Evercore ISI assumed coverage on Gen Digital in a research note on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price for the company. Wells Fargo & Company raised their price target on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.