Allianz Asset Management GmbH Sells 268,420 Shares of Gen Digital Inc. $GEN

Allianz Asset Management GmbH decreased its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 35.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,257 shares of the company’s stock after selling 268,420 shares during the quarter. Allianz Asset Management GmbH’s holdings in Gen Digital were worth $14,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GEN. Catalyst Capital Advisors LLC lifted its stake in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after purchasing an additional 854 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the last quarter. Tsfg LLC purchased a new stake in Gen Digital in the first quarter valued at about $52,000. Rise Advisors LLC raised 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. Finally, Capital Analysts LLC purchased a new stake in Gen Digital in the first quarter valued at about $85,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Stock Up 0.7%

Gen Digital stock opened at $26.70 on Tuesday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth 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 business’s 50-day moving average price is $29.17 and its 200 day moving average price is $28.50. 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 posted its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 30.3% compared to the same quarter last year. During the same period last 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 anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The business 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley assumed coverage on Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Evercore ISI assumed coverage on Gen Digital in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 price target for the company. Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada increased their price target on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.71.

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.