Wealth Enhancement Advisory Services LLC Sells 16,309 Shares of Gen Digital Inc. $GEN

Key Points

• Wealth Enhancement Advisory Services LLC reduced its holdings in Gen Digital Inc. by 29.7%, selling 16,309 shares and maintaining a total of 38,649 shares valued at $1,178,000.
• Gen Digital reported a 30.3% increase in revenue year-over-year, reaching $1.26 billion, while earnings per share of $0.64 surpassed analysts' expectations of $0.60.
• The company's recent quarterly dividend of $0.125 represents an annualized dividend yield of 1.8% with a payout ratio of 51.55%.

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 29.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 38,649 shares of the company's stock after selling 16,309 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Gen Digital were worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GEN. Swedbank AB lifted its position in shares of Gen Digital by 15.0% in the second quarter. Swedbank AB now owns 812,468 shares of the company's stock valued at $23,887,000 after acquiring an additional 105,679 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Gen Digital by 0.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,602 shares of the company's stock valued at $2,311,000 after acquiring an additional 570 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Gen Digital in the second quarter valued at about $256,000. Czech National Bank lifted its position in shares of Gen Digital by 7.1% in the second quarter. Czech National Bank now owns 133,390 shares of the company's stock valued at $3,922,000 after acquiring an additional 8,822 shares in the last quarter. Finally, Gallacher Capital Management LLC lifted its position in shares of Gen Digital by 7.7% in the second quarter. Gallacher Capital Management LLC now owns 39,148 shares of the company's stock valued at $1,151,000 after acquiring an additional 2,789 shares in the last quarter. Institutional investors own 81.38% of the company's stock.

Gen Digital Trading Down 1.0%

Gen Digital stock opened at $28.12 on Thursday. The stock has a 50-day moving average of $29.84 and a two-hundred day moving average of $28.48. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The stock has a market cap of $17.32 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business posted $0.53 earnings per share. The firm's revenue was up 30.3% compared to the same quarter last year. 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, research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital's dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

GEN has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. B. Riley started coverage on 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, Morgan Stanley lifted their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Gen Digital currently has a consensus rating of "Moderate Buy" and an average target price of $36.50.

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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