38,785 Shares in Gen Digital Inc. $GEN Purchased by Wealthfront Advisers LLC

Posted by George Bondi on Aug 22nd, 2026

Wealthfront Advisers LLC purchased a new stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 38,785 shares of the company’s stock, valued at approximately $965,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after acquiring an additional 1,096,313 shares in the last quarter. State Street Corp grew its position in Gen Digital by 3.4% in the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after acquiring an additional 1,015,755 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Gen Digital by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after purchasing an additional 1,406,869 shares during the period. First Trust Advisors LP increased its stake in Gen Digital by 22.3% during the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after purchasing an additional 3,640,451 shares during the period. Finally, Boston Partners lifted its position in shares of Gen Digital by 14.3% during the fourth quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after purchasing an additional 1,954,712 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Travis Michael Witteveen sold 30,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00. Following the transaction, the insider directly owned 496,545 shares in the company, valued at $14,608,353.90. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 230,440 shares of company stock worth $6,172,946. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

GEN has been the topic of a number of research reports. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Barclays upped their price objective on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their target price on Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.67.

Read Our Latest Research Report on Gen Digital

Gen Digital Stock Up 2.7%

Shares of NASDAQ:GEN opened at $28.93 on Friday. The firm has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $23.57. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $31.88. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $17.32 billion, a PE ratio of 16.82 and a beta of 1.21.

Gen Digital (NASDAQ:GEN – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities analysts predict that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital’s payout ratio is currently 29.07%.

Gen Digital Company Profile

(Free Report)

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.