Metis Global Partners LLC Sells 2,583 Shares of Gen Digital Inc. $GEN

Metis Global Partners LLC lowered its holdings in Gen Digital Inc. (NASDAQ:GEN) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,181 shares of the company’s stock after selling 2,583 shares during the quarter. Metis Global Partners LLC’s holdings in Gen Digital were worth $564,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GEN. 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 worth $63,000 after acquiring an additional 381 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Gen Digital by 0.6% during 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 period. Sagespring Wealth Partners LLC lifted its holdings in Gen Digital by 5.7% in the second quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock worth $248,000 after buying an additional 454 shares during the period. Blue Trust Inc. lifted its holdings in Gen Digital by 3.0% in the second quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock worth $456,000 after buying an additional 458 shares during the period. Finally, Haven Private LLC boosted its position in Gen Digital by 2.8% during the 2nd quarter. Haven Private LLC now owns 18,396 shares of the company’s stock valued at $541,000 after acquiring an additional 508 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Down 0.5%

NASDAQ:GEN opened at $27.00 on Thursday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $16.63 billion, a P/E ratio of 27.84, a P/E/G ratio of 0.87 and a beta of 0.94. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The firm has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $28.75.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 posted $0.54 earnings per share. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

Analyst Ratings Changes

GEN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Barclays increased 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 note on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group started 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.43.

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.