Gen Digital Inc. $GEN Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Gen Digital Inc. (NASDAQ:GEN) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,763,698 shares of the company’s stock after selling 420,791 shares during the period. Bank of New York Mellon Corp owned about 0.77% of Gen Digital worth $140,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GEN. Envestnet Asset Management Inc. raised its position in shares of Gen Digital by 15.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 164,012 shares of the company’s stock worth $4,353,000 after purchasing an additional 21,814 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Gen Digital by 3.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 258,608 shares of the company’s stock worth $6,761,000 after buying an additional 8,304 shares during the last quarter. Greenleaf Trust increased its position in Gen Digital by 3.9% in the first quarter. Greenleaf Trust now owns 18,001 shares of the company’s stock worth $478,000 after buying an additional 668 shares during the period. Alps Advisors Inc. lifted its stake in Gen Digital by 1.5% in the first quarter. Alps Advisors Inc. now owns 31,540 shares of the company’s stock valued at $837,000 after buying an additional 465 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Gen Digital by 23.1% in the first quarter. Cerity Partners LLC now owns 78,471 shares of the company’s stock valued at $2,083,000 after buying an additional 14,707 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Wells Fargo & Company raised their price target on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Jefferies Financial Group began coverage on Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Price Performance

NASDAQ GEN opened at $25.45 on Friday. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $15.67 billion, a PE ratio of 26.24, a P/E/G ratio of 0.87 and a beta of 0.94. The company’s 50 day simple moving average is $27.91 and its 200 day simple moving average is $28.66.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. As a group, equities research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

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.