ASR Vermogensbeheer N.V. Sells 425 Shares of Gen Digital Inc. $GEN

ASR Vermogensbeheer N.V. trimmed its position in Gen Digital Inc. (NASDAQ:GEN) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,847 shares of the company’s stock after selling 425 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Gen Digital were worth $3,141,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Gen Digital by 132.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company’s stock valued at $16,039,000 after acquiring an additional 341,533 shares in the last quarter. Mather Group LLC. lifted its position in shares of Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock worth $99,000 after purchasing an additional 783 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of Gen Digital in the first quarter worth $377,000. Exchange Traded Concepts LLC lifted its position in shares of Gen Digital by 52.4% in the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company’s stock worth $296,000 after purchasing an additional 3,830 shares in the last quarter. Finally, Kendall Capital Management lifted its position in shares of Gen Digital by 20.0% in the first quarter. Kendall Capital Management now owns 60,640 shares of the company’s stock worth $1,609,000 after purchasing an additional 10,105 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on GEN shares. Barclays boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Evercore ISI started coverage on Gen Digital in a report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price on the stock. Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Royal Bank Of Canada upped their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group initiated coverage on Gen Digital in a research note on Friday. They set a “hold” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Price Performance

NASDAQ:GEN opened at $27.82 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock’s 50 day moving average price is $29.74 and its two-hundred day moving average price is $28.48. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.95 and a beta of 0.94. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital’s dividend 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.