Crossmark Global Holdings Inc. Has $3.81 Million Stake in Gen Digital Inc. $GEN

Crossmark Global Holdings Inc. trimmed its stake in Gen Digital Inc. (NASDAQ:GEN) by 57.9% during the fourth quarter, Holdings Channel reports. The fund owned 140,166 shares of the company’s stock after selling 192,959 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Gen Digital were worth $3,811,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in Gen Digital by 46.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,600,836 shares of the company’s stock valued at $187,398,000 after purchasing an additional 2,103,335 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Gen Digital by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after buying an additional 1,406,869 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Gen Digital by 72.8% in the third quarter. Qube Research & Technologies Ltd now owns 2,786,250 shares of the company’s stock worth $79,102,000 after buying an additional 1,174,048 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after buying an additional 1,096,313 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Gen Digital during the 2nd quarter worth $30,220,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Gen Digital

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital beat quarterly expectations, with revenue and EPS both coming in above estimates, and said Trust-Based Solutions revenue surged sharply year over year. The results suggest improving growth momentum and stronger demand in cybersecurity. Article Title
• Positive Sentiment: The company raised fiscal 2027 guidance above Wall Street expectations, pointing to 8%–10% revenue growth and adjusted EPS of $2.85–$2.95, which reinforced optimism about future earnings power. Article Title
• Positive Sentiment: RBC lifted its price target on Gen Digital to $24 from $22, signaling slightly improved analyst confidence even though the firm kept a “sector perform” rating. Article Title
• Neutral Sentiment: Gen Digital announced a quarterly dividend of $0.125 per share, which may support income-focused investors but is not a major growth catalyst by itself.

Gen Digital Trading Up 0.1%

Shares of GEN stock opened at $22.71 on Monday. The firm has a market capitalization of $13.76 billion, a P/E ratio of 14.38 and a beta of 1.10. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. The firm’s fifty day simple moving average is $20.15 and its 200 day simple moving average is $23.90. The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $0.59 EPS. The business’s revenue was up 27.0% on a year-over-year basis. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.66 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Gen Digital’s dividend payout ratio (DPR) is 31.65%.

Analysts Set New Price Targets

Several brokerages recently commented on GEN. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company initiated coverage on Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Royal Bank Of Canada lifted their price objective on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday. Barclays boosted their price objective on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Gen Digital has a consensus rating of “Hold” and a consensus target price of $31.29.

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.