Swiss National Bank Cuts Stock Holdings in Gen Digital Inc. $GEN

Key Points

• Swiss National Bank cut its stake in Gen Digital by 4.2%, selling 66,100 shares and leaving it with 1,519,675 shares (about 0.25% of the company) worth roughly $43.1 million.
• Gen Digital slightly beat Q results with $0.64 EPS vs. $0.63 consensus and revenue of $1.24 billion (up 25.8% year-over-year), and provided FY2026 guidance of 2.54–2.56 EPS.
• The stock opened at $21.00 (near its 12-month low of $20.93), has a market cap of $12.7 billion and a 2.4% dividend yield, while analysts have an average rating of Hold and a consensus price target of $32.71.

Swiss National Bank reduced its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,519,675 shares of the company's stock after selling 66,100 shares during the period. Swiss National Bank owned about 0.25% of Gen Digital worth $43,144,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Gen Digital by 10.1% in the third quarter. Russell Investments Group Ltd. now owns 488,117 shares of the company's stock worth $13,859,000 after purchasing an additional 44,665 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Gen Digital by 17.3% during the third quarter. Schroder Investment Management Group now owns 1,146,855 shares of the company's stock valued at $33,018,000 after buying an additional 168,789 shares during the last quarter. Inceptionr LLC raised its position in Gen Digital by 158.1% in the 3rd quarter. Inceptionr LLC now owns 54,734 shares of the company's stock worth $1,554,000 after buying an additional 33,531 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in Gen Digital by 10.7% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 150,291 shares of the company's stock worth $4,267,000 after buying an additional 14,533 shares during the last quarter. Finally, Korea Investment CORP lifted its stake in Gen Digital by 1.2% during the 3rd quarter. Korea Investment CORP now owns 430,700 shares of the company's stock valued at $12,228,000 after acquiring an additional 5,148 shares during the period. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $21.00 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $12.72 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The firm's 50 day moving average price is $24.05 and its 200-day moving average price is $26.39. Gen Digital Inc. has a twelve month low of $20.93 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The firm's quarterly revenue was up 25.8% compared to the same quarter last year. 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. Equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, February 13th. Gen Digital's dividend payout ratio (DPR) is currently 51.55%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GEN. Weiss Ratings reissued a "hold (c+)" rating on shares of Gen Digital in a report on Thursday, January 22nd. Wells Fargo & Company initiated coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They issued an "equal weight" rating and a $22.00 target price on the stock. Wall Street Zen raised shares of Gen Digital from a "hold" rating to a "buy" rating in a research report on Sunday, February 8th. Zacks Research upgraded shares of Gen Digital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 18th. Finally, Barclays lowered their price target on Gen Digital from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has an average rating of "Hold" and a consensus price target of $32.71.

Gen Digital Company Profile

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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