Inscription Capital LLC Sells 26,636 Shares of Gen Digital Inc. $GEN

Inscription Capital LLC lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 65.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,246 shares of the company’s stock after selling 26,636 shares during the quarter. Inscription Capital LLC’s holdings in Gen Digital were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after acquiring an additional 529 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Gen Digital by 1,183.3% during the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after acquiring an additional 994 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Gen Digital during the second quarter valued at approximately $47,000. Institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays reduced their price target on Gen Digital from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Finally, Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.86.

Gen Digital Price Performance

Shares of GEN stock opened at $19.14 on Thursday. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.54 and a beta of 1.15. The business’s fifty day moving average is $20.34 and its 200 day moving average is $24.11. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $32.22. 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 (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. 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. Research analysts expect that Gen Digital Inc. will post 2.3 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio is currently 51.55%.

Gen Digital Company 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.