Gen Digital Inc. $GEN Position Trimmed by New York State Teachers Retirement System

by · The Cerbat Gem

New York State Teachers Retirement System lowered its stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 517,486 shares of the company’s stock after selling 20,625 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Gen Digital worth $14,691,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. True Wealth Design LLC grew its holdings in shares of Gen Digital by 92.0% in the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the last quarter. Spire Wealth Management boosted its position in shares of Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after purchasing an additional 994 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Gen Digital in the 2nd quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new position in Gen Digital in the 2nd quarter worth about $44,000. Finally, Geneos Wealth Management Inc. raised its holdings in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Trading Down 1.8%

Gen Digital stock opened at $26.28 on Wednesday. The firm has a market capitalization of $16.21 billion, a PE ratio of 28.57, a PEG ratio of 0.89 and a beta of 1.09. The business’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $28.30. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $0.54 EPS. The company’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 and its Q3 2026 guidance at 0.620-0.64 EPS. Equities research analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company 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. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is currently 54.35%.

Analysts Set New Price Targets

GEN has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group initiated 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. Evercore ISI lifted their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.43.

Check Out Our Latest Stock Report on GEN

Insider Buying and Selling at Gen Digital

In related news, Director John C. Chrystal acquired 5,000 shares of the stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the transaction, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Gen Digital Company Profile

(Free Report)

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.

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