JPMorgan Chase & Co. Sells 583,679 Shares of Gen Digital Inc. $GEN

JPMorgan Chase & Co. trimmed its stake in Gen Digital Inc. (NASDAQ:GEN) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,868,461 shares of the company’s stock after selling 583,679 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.63% of Gen Digital worth $113,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Gen Digital during the first quarter worth approximately $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Gen Digital by 43.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock valued at $325,662,000 after purchasing an additional 3,724,211 shares during the last quarter. Boston Partners raised its stake in Gen Digital by 37.3% during the first quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after acquiring an additional 3,631,052 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Gen Digital in the 1st quarter valued at approximately $71,287,000. Finally, Vanguard Group Inc. lifted its stake in shares of Gen Digital by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock valued at $1,849,593,000 after acquiring an additional 2,513,464 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the stock in a transaction on Thursday, November 13th. The shares were 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 $771,291.66. The trade was a 21.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GEN. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada dropped their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, Morgan Stanley raised their price objective on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Gen Digital has a consensus rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Trading Down 1.6%

NASDAQ:GEN opened at $26.24 on Friday. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm’s 50 day moving average is $27.02 and its 200 day moving average is $28.72. The stock has a market capitalization of $16.18 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Sell-side analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

About Gen Digital

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.