Gen Digital Inc. $GEN Position Cut by National Pension Service

Key Points

• The National Pension Service has reduced its stake in Gen Digital Inc. by 60.7% during the first quarter, selling over one million shares and now owning approximately 0.11% of the company.
• Gen Digital reported earnings of $0.64 per share for the last quarter, exceeding analysts' expectations, with revenue of $1.26 billion, marking a 30.3% year-over-year increase.
• The company has declared a quarterly dividend of $0.125 per share, with a dividend yield of 1.6%, scheduled for payment on September 10th to shareholders of record on August 18th.

National Pension Service decreased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 60.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 652,542 shares of the company's stock after selling 1,009,361 shares during the quarter. National Pension Service owned about 0.11% of Gen Digital worth $17,318,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GEN. Alps Advisors Inc. grew its position in Gen Digital by 1.5% during the first quarter. Alps Advisors Inc. now owns 31,540 shares of the company's stock valued at $837,000 after acquiring an additional 465 shares during the period. Greenleaf Trust grew its position in Gen Digital by 3.9% during the first quarter. Greenleaf Trust now owns 18,001 shares of the company's stock valued at $478,000 after acquiring an additional 668 shares during the period. Mather Group LLC. grew its position in Gen Digital by 26.6% during the first 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. Catalyst Capital Advisors LLC grew its position 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 acquiring an additional 854 shares during the period. Finally, Empirical Finance LLC grew its position in Gen Digital by 4.5% during the first quarter. Empirical Finance LLC now owns 20,151 shares of the company's stock valued at $535,000 after acquiring an additional 863 shares during the period. Institutional investors and hedge funds own 81.38% of the company's stock.

Analyst Ratings Changes

GEN has been the subject of several analyst reports. Barclays upped their target price on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price for the company. Wells Fargo & Company upped their target price on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Finally, B. Riley initiated coverage on Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 price target 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Stock Performance

Shares of NASDAQ:GEN traded down $0.1850 during trading on Wednesday, hitting $31.3150. 1,261,145 shares of the company traded hands, compared to its average volume of 4,130,868. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.05 and a beta of 1.00. The business's fifty day moving average is $29.98 and its 200-day moving average is $28.03. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. 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 posted its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business's revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. 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, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital's dividend payout ratio is 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.