Victory Capital Management Inc. Acquires 203,434 Shares of Gen Digital Inc. $GEN

Key Points

• Victory Capital Management boosted its stake in Gen Digital by 19.5% in Q3, buying 203,434 shares to hold 1,245,887 shares (about 0.20% of the company) valued at roughly $35.37 million.
• Director Ondrej Vlcek sold 113,674 shares on December 10 at an average price of $27.12 (≈$3.08 million), trimming his ownership by 2.81%; corporate insiders own about 9.3% of the stock.
• Gen Digital slightly beat quarterly estimates with $0.64 EPS and $1.24B revenue, issued FY2026 guidance of 2.540–2.560 EPS, and announced a quarterly dividend of $0.125 (annualized $0.50, yield ~2.2%).

Victory Capital Management Inc. increased its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 19.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,887 shares of the company's stock after acquiring an additional 203,434 shares during the period. Victory Capital Management Inc. owned about 0.20% of Gen Digital worth $35,371,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Aviva PLC boosted its position in shares of Gen Digital by 6.6% during the second quarter. Aviva PLC now owns 407,156 shares of the company's stock valued at $11,970,000 after buying an additional 25,315 shares during the last quarter. Vanguard Group Inc. raised its position in Gen Digital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company's stock valued at $2,050,150,000 after buying an additional 964,046 shares during the last quarter. Schroder Investment Management Group raised its position in Gen Digital by 48.1% in the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company's stock valued at $28,755,000 after buying an additional 317,468 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company's stock valued at $10,559,000 after acquiring an additional 101,580 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Gen Digital during the 3rd quarter valued at $8,238,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the sale, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Gen Digital Stock Performance

NASDAQ GEN opened at $22.61 on Monday. The business's fifty day moving average is $24.50 and its 200-day moving average is $26.59. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.75 and a beta of 1.11. Gen Digital Inc. has a one year low of $21.33 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. 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 predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital's dividend payout ratio (DPR) is currently 51.55%.

Gen Digital 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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