Diversified Trust Co Reduces Position in Gen Digital Inc. $GEN

Key Points

• Diversified Trust Co reduced its stake in Gen Digital Inc. by 5.8%, owning 194,361 shares after selling 12,071 shares in the second quarter, valued at approximately $5.71 million.
• Several institutional investors have recently increased their positions in Gen Digital, with Wellington Management Group raising its stake by 98.8% in the last quarter.
• Equities analysts have set a consensus price target of $36.50 for Gen Digital, with varying ratings, including a "buy" and "outperform" from notable firms.

Diversified Trust Co decreased its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,361 shares of the company's stock after selling 12,071 shares during the quarter. Diversified Trust Co's holdings in Gen Digital were worth $5,714,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GEN. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Gen Digital in the fourth quarter valued at about $14,367,000. QSM Asset Management Ltd purchased a new position in shares of Gen Digital during the fourth quarter valued at about $5,373,000. Brighton Jones LLC increased its position in shares of Gen Digital by 5.4% during the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after buying an additional 1,299 shares during the period. Wellington Management Group LLP increased its position in shares of Gen Digital by 98.8% during the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after buying an additional 56,993 shares during the period. Finally, Kera Capital Partners Inc. increased its position in shares of Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after buying an additional 3,466 shares during the period. Hedge funds and other institutional investors own 81.38% of the company's stock.

Analyst Upgrades and Downgrades

GEN has been the topic of several research analyst reports. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Royal Bank Of Canada upped their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Morgan Stanley upped their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Barclays upped their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.50.

Gen Digital Stock Performance

GEN traded down $0.15 during trading on Monday, hitting $28.84. The company's stock had a trading volume of 2,805,025 shares, compared to its average volume of 4,092,510. The firm has a market cap of $17.76 billion, a PE ratio of 29.73, a P/E/G ratio of 0.98 and a beta of 0.99. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The business's 50 day simple moving average is $30.08 and its 200-day simple moving average is $28.41. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company's revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. 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, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

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.