TD Asset Management Inc Trims Holdings in Gen Digital Inc. $GEN

Key Points

• TD Asset Management Inc reduced its holdings in Gen Digital by 5.1% in the second quarter, leaving it with 862,151 shares valued at approximately $25.3 million.
• Analysts have given Gen Digital a consensus rating of "Moderate Buy", with a consensus price target of $35.71, reflecting various ratings from firms like Jefferies and B. Riley.
• Gen Digital recently declared a quarterly dividend of $0.125 per share, translating to an annualized yield of 1.9% and a payout ratio of 51.55%.

TD Asset Management Inc cut its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,151 shares of the company's stock after selling 46,345 shares during the quarter. TD Asset Management Inc owned approximately 0.14% of Gen Digital worth $25,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GEN. Rise Advisors LLC grew its stake in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after acquiring an additional 381 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of Gen Digital by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company's stock valued at $1,856,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. grew its position in shares of Gen Digital by 3.0% in the second quarter. Blue Trust Inc. now owns 15,501 shares of the company's stock valued at $456,000 after purchasing an additional 458 shares during the period. Alps Advisors Inc. increased its stake in Gen Digital by 1.5% in the first quarter. Alps Advisors Inc. now owns 31,540 shares of the company's stock valued at $837,000 after purchasing an additional 465 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Gen Digital by 0.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,602 shares of the company's stock worth $2,311,000 after buying an additional 570 shares during the period. Hedge funds and other institutional investors own 81.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group assumed coverage on Gen Digital in a report on Friday, October 3rd. They issued a "hold" rating and a $31.00 price target for the company. B. Riley assumed coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 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, October 12th. Royal Bank Of Canada increased their price target on shares of 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, Evercore ISI assumed coverage on shares of Gen Digital in a research note 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 five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.71.

Gen Digital Stock Performance

NASDAQ GEN opened at $26.52 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The firm has a market capitalization of $16.33 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.89 and a beta of 0.94. The business's 50-day simple moving average is $29.25 and its 200-day simple moving average is $28.46.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company's revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio is 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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