DNB Asset Management AS Reduces Holdings in Gen Digital Inc. $GEN

DNB Asset Management AS lessened its holdings in Gen Digital Inc. (NASDAQ:GEN) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,159 shares of the company’s stock after selling 2,893 shares during the period. DNB Asset Management AS’s holdings in Gen Digital were worth $3,092,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GEN. Cullen Frost Bankers Inc. acquired a new position in shares of Gen Digital during the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its holdings in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the last quarter. Rise Advisors LLC lifted its position in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after acquiring an additional 381 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of Gen Digital in the first quarter valued at $85,000. Finally, Allworth Financial LP boosted its stake in shares of Gen Digital by 136.1% during the second quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after acquiring an additional 3,040 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEN has been the subject of several analyst reports. Jefferies Financial Group assumed coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Royal Bank Of Canada cut their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Barclays lifted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Morgan Stanley increased their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gen Digital has a consensus rating of “Moderate Buy” and a consensus price target of $35.43.

Insider Activity at Gen Digital

In other news, Director John C. Chrystal acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the acquisition, the director directly owned 28,419 shares in the company, valued at $771,291.66. This trade represents a 21.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by company insiders.

Gen Digital Stock Performance

Shares of GEN stock opened at $26.15 on Tuesday. 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 firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 0.87 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 company has a 50 day moving average price of $27.16 and a 200 day moving average price of $28.77.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Sell-side analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 1.9%. Gen Digital’s dividend payout ratio is currently 54.35%.

About Gen Digital

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.