Gen Digital Inc. $GEN Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in Gen Digital Inc. (NASDAQ:GEN) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 67,765 shares of the company’s stock after selling 1,099 shares during the quarter. Yousif Capital Management LLC’s holdings in Gen Digital were worth $1,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC lifted its stake in 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 buying an additional 381 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Gen Digital by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after buying an additional 427 shares during the last quarter. Blue Trust Inc. lifted its stake in Gen Digital by 3.0% in the second quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock valued at $456,000 after buying an additional 458 shares during the last quarter. 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, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Gen Digital by 0.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,602 shares of the company’s stock valued at $2,311,000 after buying an additional 570 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GEN has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Barclays lifted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. B. Riley initiated coverage on shares of Gen Digital in a research note on Monday, July 14th. They set a “buy” rating and a $46.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Price Performance

NASDAQ:GEN opened at $26.52 on Friday. The business’s 50-day moving average price is $29.25 and its 200 day moving average price is $28.47. The firm has a market cap of $16.33 billion, a P/E ratio of 27.34, a PEG ratio of 0.89 and a beta of 0.94. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital’s revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s payout ratio is presently 51.55%.

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.