Gen Digital Inc. $GEN Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 95.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,388 shares of the company's stock after selling 575,433 shares during the period. Allspring Global Investments Holdings LLC's holdings in Gen Digital were worth $727,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC increased its stake in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after purchasing an additional 854 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after acquiring an additional 1,183 shares during the period. Tsfg LLC acquired a new position in shares of Gen Digital during the first quarter valued at $52,000. Rise Advisors LLC boosted its holdings 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 valued at $63,000 after acquiring an additional 381 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of Gen Digital during the first quarter valued at $85,000. Institutional investors own 81.38% of the company's stock.

Gen Digital Trading Down 0.1%

NASDAQ:GEN opened at $27.19 on Friday. The stock's 50 day moving average price is $28.89 and its 200 day moving average price is $28.51. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a market capitalization of $16.75 billion, a P/E ratio of 28.03, a P/E/G 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.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm's revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 51.55%.

Wall Street Analysts Forecast Growth

GEN has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Gen Digital in a report on Wednesday, October 8th. Wall Street Zen raised shares of Gen Digital from a "hold" rating to a "buy" rating in a report on Sunday, October 12th. Royal Bank Of Canada boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Morgan Stanley boosted their price target on shares of Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.71.

Gen Digital 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.

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