Gen Digital Inc. $GEN Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its stake in Gen Digital Inc. by 16.4%, owning 105,313 shares valued at approximately $2.8 million after selling 20,641 shares in the first quarter.
• Several hedge funds have adjusted their positions, with Catalyst Capital Advisors LLC increasing its stake by 117.6% during the same period, while a total of 81.38% of Gen Digital's stock is held by institutional investors.
• Gen Digital announced a quarterly dividend of $0.125 per share, representing a 1.7% dividend yield, with the ex-dividend date set for August 18th.

Graham Capital Management L.P. reduced its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 16.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 105,313 shares of the company's stock after selling 20,641 shares during the period. Graham Capital Management L.P.'s holdings in Gen Digital were worth $2,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its position in Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares during the period. Tsfg LLC acquired a new stake in Gen Digital during the 1st quarter worth about $52,000. Capital Analysts LLC acquired a new stake in shares of Gen Digital during the 1st quarter valued at about $85,000. Mather Group LLC. grew its position in shares of Gen Digital by 26.6% during the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of Gen Digital during the 1st quarter valued at about $154,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GEN. Barclays raised their target price on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 target price on the stock. Wall Street Zen cut Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Wells Fargo & Company raised their target price on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, B. Riley began coverage on Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Trading Down 0.0%

GEN stock opened at $30.20 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.01 and a beta of 0.99. The business's 50-day moving average is $30.18 and its 200 day moving average is $28.21.

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

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's payout ratio is presently 51.55%.

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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