Petrus Trust Company LTA Sells 11,477 Shares of Gen Digital Inc. $GEN

Key Points

• Petrus Trust Company LTA reduced its stake in Gen Digital Inc. by 34.3%, selling 11,477 shares during the 1st quarter, leaving it with 21,941 shares valued at $582,000.
• Multiple hedge funds have altered their investments in Gen Digital, with some increasing their stakes, contributing to institutional investors owning 81.38% of the stock.
• Gen Digital recently reported a 30.3% year-over-year increase in revenue and beat earnings estimates, posting $0.64 EPS compared to the consensus of $0.60.

Petrus Trust Company LTA lowered its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 34.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,941 shares of the company's stock after selling 11,477 shares during the quarter. Petrus Trust Company LTA's holdings in Gen Digital were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its stake in Gen Digital by 117.6% in 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 in the last quarter. Tsfg LLC purchased a new position in Gen Digital in the first quarter valued at about $52,000. Capital Analysts LLC acquired a new stake in shares of Gen Digital in the first quarter worth about $85,000. Mather Group LLC. lifted its position in shares of Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after buying an additional 783 shares during the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Gen Digital in the first quarter worth about $154,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Stock Performance

GEN traded down $0.51 on Friday, hitting $29.17. 936,530 shares of the stock traded hands, compared to its average volume of 4,085,270. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm has a market capitalization of $17.96 billion, a PE ratio of 30.07, a P/E/G ratio of 0.98 and a beta of 0.99. The business has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $28.34.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The company's quarterly 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, research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. B. Riley assumed coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price target for the company. Morgan Stanley boosted their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Barclays boosted their price objective 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. Finally, Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.50.

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.