Gen Digital Inc. $GEN Holdings Trimmed by AustralianSuper Pty Ltd

Key Points

• AustralianSuper Pty Ltd trimmed its holdings by 35.6% in the third quarter, selling 85,458 shares and leaving 154,521 Gen Digital shares valued at about $4.39 million; institutional investors now own roughly 81.38% of the company.
• Director Ondrej Vlcek sold 113,674 shares on Dec. 10 at an average price of $27.12 for approximately $3.08 million, a 2.81% reduction in his position; company insiders hold about 9.3%.
• Gen Digital beat quarterly EPS estimates ($0.64 vs. $0.63), reported revenue up 25.8% year-over-year, set FY2026 EPS guidance of 2.54–2.56, and declared a quarterly dividend of $0.125 (annualized yield ~2.2%).

AustralianSuper Pty Ltd lowered its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 35.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,521 shares of the company's stock after selling 85,458 shares during the period. AustralianSuper Pty Ltd's holdings in Gen Digital were worth $4,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Picton Mahoney Asset Management raised its position in Gen Digital by 55.2% during the third quarter. Picton Mahoney Asset Management now owns 32,679 shares of the company's stock valued at $928,000 after buying an additional 11,617 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Gen Digital by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,245,887 shares of the company's stock valued at $35,371,000 after purchasing an additional 203,434 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in shares of Gen Digital by 54.0% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 115,897 shares of the company's stock valued at $3,290,000 after purchasing an additional 40,659 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Gen Digital in the third quarter worth approximately $207,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Gen Digital by 6.0% during the third quarter. Rafferty Asset Management LLC now owns 188,957 shares of the company's stock worth $5,364,000 after purchasing an additional 10,706 shares during the period. Hedge funds and other institutional investors own 81.38% of the company's stock.

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the firm's stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is currently owned by company insiders.

Gen Digital Trading Down 0.5%

Shares of GEN stock opened at $22.29 on Thursday. Gen Digital Inc. has a 1 year low of $21.33 and a 1 year high of $32.22. The firm's fifty day simple moving average is $24.71 and its 200 day simple moving average is $26.75. The firm has a market capitalization of $13.50 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.56 EPS. The business's revenue was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital's payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Gen Digital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 18th. Evercore upped their target price on Gen Digital from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Barclays reduced their price target on Gen Digital from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, February 6th. Wells Fargo & Company assumed coverage on Gen Digital in a report on Tuesday. They issued an "equal weight" rating and a $22.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gen Digital in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.71.

Gen Digital 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.

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