Gen Digital Inc. $GEN Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 18.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,141 shares of the company’s stock after purchasing an additional 30,462 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Gen Digital were worth $5,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aviva PLC increased its stake in shares of Gen Digital by 6.6% in the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock valued at $11,970,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group grew its stake in shares of Gen Digital by 48.1% in the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after purchasing an additional 317,468 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Gen Digital during the second quarter valued at $394,000. Mackenzie Financial Corp raised its stake in shares of Gen Digital by 39.4% during the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after purchasing an additional 101,580 shares in the last quarter. Finally, First Hawaiian Bank grew its position in Gen Digital by 129.6% in the 1st quarter. First Hawaiian Bank now owns 75,278 shares of the company’s stock valued at $1,998,000 after buying an additional 42,488 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on GEN shares. Morgan Stanley boosted their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Royal Bank Of Canada cut their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price target on the stock. Finally, Evercore ISI boosted their price objective on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Gen Digital has a consensus rating of “Hold” and an average price target of $35.43.

Gen Digital Stock Performance

GEN opened at $27.65 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. The firm has a market cap of $17.05 billion, a PE ratio of 30.05, a P/E/G ratio of 0.92 and a beta of 1.11. The business has a fifty day simple moving average of $26.72 and a 200-day simple moving average of $28.60. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.Gen Digital’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 17th. Gen Digital’s dividend payout ratio is 54.35%.

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Chrystal bought 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $27.14 per share, with a total value of $135,700.00. Following the acquisition, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This represents a 21.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.30% of the company’s stock.

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.