Gen Digital Inc. $GEN Shares Sold by Danske Bank A S

Key Points

• Danske Bank A S cut its stake in Gen Digital by 75.9% in Q4, selling 694,691 shares and leaving 220,282 shares worth about $5.99 million.
• Analyst sentiment is muted with a consensus rating of "Hold" and a $31.86 consensus price target; several firms have downgraded the stock and Barclays lowered its target to $26.
• GEN trades around $19.63 (1-year range $17.78–$32.22); the company beat Q results with revenue up 25.8% YoY, pays a $0.125 quarterly dividend (2.5% yield), and provided FY2026 EPS guidance of 2.54–2.56.

Danske Bank A S decreased its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,282 shares of the company's stock after selling 694,691 shares during the period. Danske Bank A S's holdings in Gen Digital were worth $5,989,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company's stock valued at $31,000 after buying an additional 994 shares during the period. True Wealth Design LLC increased its stake in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company's stock valued at $31,000 after buying an additional 529 shares during the period. Clearstead Advisors LLC increased its stake in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company's stock valued at $35,000 after buying an additional 400 shares during the period. MUFG Securities EMEA plc acquired a new position in Gen Digital during the 2nd quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. increased its stake in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GEN shares. Barclays lowered their target price on shares of Gen Digital from $32.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, April 13th. Jefferies Financial Group lowered shares of Gen Digital from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Gen Digital from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Gen Digital from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.86.

Gen Digital Stock Performance

Shares of GEN opened at $19.63 on Tuesday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22. The company has a 50-day moving average of $20.28 and a two-hundred day moving average of $24.04. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 20.24 and a beta of 1.10. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the company posted $0.56 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts expect that Gen Digital Inc. will post 2.29 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, February 13th. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

About Gen Digital

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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