SG Americas Securities LLC Cuts Position in Gen Digital Inc. $GEN

SG Americas Securities LLC lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 36.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,880 shares of the company’s stock after selling 14,239 shares during the quarter. SG Americas Securities LLC’s holdings in Gen Digital were worth $731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEN. OmniStar Financial Group Inc. increased its position in shares of Gen Digital by 6.7% in the second quarter. OmniStar Financial Group Inc. now owns 11,218 shares of the company’s stock worth $330,000 after acquiring an additional 707 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Gen Digital by 7.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 133,861 shares of the company’s stock worth $3,936,000 after purchasing an additional 9,834 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in Gen Digital by 5.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 208,838 shares of the company’s stock valued at $6,140,000 after purchasing an additional 11,452 shares in the last quarter. Geode Capital Management LLC raised its position in Gen Digital by 0.7% in the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after purchasing an additional 101,791 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Gen Digital by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 54,788 shares of the company’s stock worth $1,611,000 after purchasing an additional 1,326 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gen Digital

In related news, Director John C. Chrystal purchased 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GEN. Evercore ISI increased their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company upped their price target on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Jefferies Financial Group assumed coverage on shares of Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Finally, Barclays raised their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.43.

Gen Digital Stock Performance

Gen Digital stock opened at $26.15 on Tuesday. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market cap of $16.13 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The stock has a 50 day moving average of $27.16 and a 200-day moving average of $28.77.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, November 17th. Gen Digital’s dividend payout ratio is 54.35%.

Gen Digital 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.