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

Sumitomo Mitsui Trust Group Inc. cut its stake in Gen Digital Inc. (NASDAQ:GEN) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,387,082 shares of the company’s stock after selling 39,276 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Gen Digital worth $37,715,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management boosted its position in shares of Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Gen Digital in the second quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Trading Up 0.6%

Shares of GEN stock opened at $19.78 on Friday. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.15. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The firm’s 50 day moving average price is $21.14 and its two-hundred day moving average price is $24.65.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. Gen Digital’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. 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. On average, analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEN. Jefferies Financial Group raised shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Wells Fargo & Company started coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price on the stock. Barclays cut their price objective on Gen Digital from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.