Unigestion Holding SA Has $2.41 Million Holdings in Gen Digital Inc. (NASDAQ:GEN)

Unigestion Holding SA lowered its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 79.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,909 shares of the company's stock after selling 360,297 shares during the period. Unigestion Holding SA's holdings in Gen Digital were worth $2,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Gen Digital during the fourth quarter valued at approximately $14,367,000. QSM Asset Management Ltd acquired a new stake in shares of Gen Digital during the 4th quarter valued at $5,373,000. Brighton Jones LLC grew its holdings in shares of Gen Digital by 5.4% during the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after acquiring an additional 1,299 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock worth $3,140,000 after acquiring an additional 56,993 shares during the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in shares of Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock worth $313,000 after acquiring an additional 3,466 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Stock Up 0.1%

Shares of GEN stock traded up $0.04 on Thursday, hitting $29.13. The company's stock had a trading volume of 5,015,722 shares, compared to its average volume of 3,845,072. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.19 and a beta of 1.00. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $31.72. The firm's fifty day moving average price is $26.43 and its 200-day moving average price is $27.53. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.35 and a quick ratio of 0.35.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $999.48 million. Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 1.72%. Gen Digital's dividend payout ratio (DPR) is currently 48.08%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada boosted their target price on Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Morgan Stanley lowered their price target on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th.

Insiders Place Their Bets

In related news, Director Nora Denzel sold 31,646 shares of Gen Digital stock in a transaction on Friday, May 16th. The shares were sold at an average price of $28.76, for a total value of $910,138.96. Following the transaction, the director now owns 34,860 shares in the company, valued at $1,002,573.60. This trade represents a 47.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 12.20% of the company's stock.

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.