Gen Digital Inc. $GEN Shares Sold by Denali Advisors LLC

Denali Advisors LLC lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 14.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,700 shares of the company’s stock after selling 2,100 shares during the quarter. Denali Advisors LLC’s holdings in Gen Digital were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. Rise Advisors LLC lifted its stake in shares of Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake 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 worth $1,856,000 after purchasing an additional 427 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake 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 purchasing an additional 454 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Gen Digital by 3.0% during the second quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock worth $456,000 after purchasing an additional 458 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Gen Digital by 1.5% during the first quarter. Alps Advisors Inc. now owns 31,540 shares of the company’s stock worth $837,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Down 0.1%

Shares of NASDAQ GEN opened at $27.19 on Friday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 0.92 and a beta of 0.94. 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 stock’s 50-day simple moving average is $28.89 and its 200-day simple moving average is $28.51.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, equities analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Morgan Stanley boosted their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Evercore ISI assumed coverage on Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gen Digital presently has an average rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Company Profile

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.