Vontobel Holding Ltd. Sells 23,907 Shares of Gen Digital Inc. $GEN

Key Points

• Vontobel Holding Ltd. has significantly reduced its stake in Gen Digital Inc. by 77.4%, selling 23,907 shares and ending the quarter with 6,969 shares valued at approximately $205,000.
• Several analysts have raised their price targets for Gen Digital, with Morgan Stanley increasing it from $25.00 to $32.00, and Wells Fargo raising it to $40.00, indicating strong market interest in the stock.
• Gen Digital recently announced a quarterly dividend of $0.125 per share, representing an annualized yield of 1.8% and a payout ratio of 51.55%.

Vontobel Holding Ltd. lessened its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 77.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,969 shares of the company's stock after selling 23,907 shares during the quarter. Vontobel Holding Ltd.'s holdings in Gen Digital were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEN. Catalyst Capital Advisors LLC boosted its stake in Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after acquiring an additional 854 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. Tsfg LLC bought a new position in Gen Digital during the first quarter worth about $52,000. Rise Advisors LLC lifted its position in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after buying an additional 381 shares during the last quarter. Finally, Capital Analysts LLC bought a new stake in shares of Gen Digital during the 1st quarter worth about $85,000. 81.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEN. Morgan Stanley raised their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They set a "hold" rating and a $31.00 price target on the stock. Barclays boosted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. B. Riley assumed coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gen Digital currently has an average rating of "Moderate Buy" and an average target price of $35.71.

Gen Digital Trading Up 0.8%

Shares of Gen Digital stock opened at $27.04 on Thursday. 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 stock has a fifty day simple moving average of $29.36 and a 200 day simple moving average of $28.46. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The company has a market capitalization of $16.65 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates 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 for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio is currently 51.55%.

Gen Digital Company 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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