Forsta AP Fonden Sells 3,100 Shares of Gen Digital Inc. $GEN

Forsta AP Fonden trimmed its stake in Gen Digital Inc. (NASDAQ:GEN) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,200 shares of the company’s stock after selling 3,100 shares during the period. Forsta AP Fonden’s holdings in Gen Digital were worth $2,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV grew its position in shares of Gen Digital by 26.0% in the 2nd quarter. KBC Group NV now owns 3,490,742 shares of the company’s stock valued at $102,628,000 after buying an additional 721,381 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Gen Digital in the second quarter worth approximately $1,891,000. Allworth Financial LP boosted its holdings in Gen Digital by 136.1% in the second quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after acquiring an additional 3,040 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Gen Digital by 7.2% in the second quarter. ProShare Advisors LLC now owns 145,626 shares of the company’s stock valued at $4,281,000 after acquiring an additional 9,771 shares during the last quarter. Finally, CSM Advisors LLC acquired a new stake in Gen Digital during the 2nd quarter valued at approximately $370,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gen Digital

In other news, Director John C. Chrystal bought 5,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director directly owned 28,419 shares of the company’s stock, valued at $771,291.66. This trade represents a 21.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

Gen Digital Trading Down 0.1%

NASDAQ:GEN opened at $26.70 on Friday. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month 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 capitalization of $16.47 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 0.87 and a beta of 0.94. The firm has a fifty day simple moving average of $27.54 and a two-hundred day simple moving average of $28.76.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GEN shares. Royal Bank Of Canada dropped their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. 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 target price for the company. Barclays upped their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Company 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.