Texas Permanent School Fund Corp Has $1.09 Million Stock Position in Gen Digital Inc. $GEN

Texas Permanent School Fund Corp lowered its stake in Gen Digital Inc. (NASDAQ:GEN) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,211 shares of the company’s stock after selling 23,121 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Gen Digital were worth $1,094,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Choreo LLC raised its holdings in shares of Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after acquiring an additional 315 shares during the period. Beacon Pointe Advisors LLC increased its holdings in Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock worth $279,000 after purchasing an additional 357 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after purchasing an additional 381 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Gen Digital by 0.6% in 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 purchasing an additional 427 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Gen Digital by 5.7% during 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. Institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Gen Digital news, Director John C. Chrystal acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the sale, the director directly owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.30% of the stock is owned by insiders.

Gen Digital Price Performance

Shares of GEN opened at $27.53 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. The company’s fifty day simple moving average is $26.77 and its 200 day simple moving average is $28.57. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.91 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. 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. On average, research analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

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.