Gen Digital Inc. $GEN Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,082 shares of the company’s stock after selling 39,276 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Gen Digital were worth $37,715,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Gen Digital by 38,275.3% during the fourth quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock worth $5,078,000 after purchasing an additional 194,056 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Gen Digital by 1.4% in the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock worth $2,050,150,000 after buying an additional 964,046 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Gen Digital in the third quarter worth $8,238,000. Y Intercept Hong Kong Ltd increased its stake in shares of Gen Digital by 525.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 83,826 shares of the company’s stock worth $2,380,000 after buying an additional 70,424 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Gen Digital by 481.8% in the third quarter. Teacher Retirement System of Texas now owns 462,830 shares of the company’s stock worth $13,140,000 after buying an additional 383,279 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Stock Up 0.6%

GEN stock opened at $19.78 on Friday. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The firm has a fifty day moving average price of $21.14 and a two-hundred day moving average price of $24.65. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.56 and a beta of 1.15.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.5%. Gen Digital’s payout ratio is presently 51.55%.

Wall Street Analyst Weigh In

GEN has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Wells Fargo & Company initiated coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.86.

Gen Digital Profile

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.