Gen Digital Inc. (NASDAQ:GEN) Short Interest Down 15.6% in March

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 16,890,000 shares, a decrease of 15.6% from the March 15th total of 20,000,000 shares. Currently, 3.0% of the company's shares are short sold. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their price objective on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of GEN. KBC Group NV boosted its stake in shares of Gen Digital by 32.7% in the 1st quarter. KBC Group NV now owns 2,769,361 shares of the company's stock valued at $73,499,000 after buying an additional 682,530 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gen Digital in the fourth quarter valued at approximately $14,367,000. Achmea Investment Management B.V. lifted its stake in Gen Digital by 40.2% in the first quarter. Achmea Investment Management B.V. now owns 1,454,610 shares of the company's stock worth $38,605,000 after acquiring an additional 417,206 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Gen Digital by 132.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock worth $16,039,000 after acquiring an additional 341,533 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Gen Digital by 132.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 564,391 shares of the company's stock valued at $14,979,000 after purchasing an additional 321,186 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Trading Up 0.8 %

Shares of GEN stock traded up $0.20 during trading hours on Friday, hitting $25.26. The company had a trading volume of 2,608,538 shares, compared to its average volume of 3,967,492. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $15.57 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The company's fifty day moving average is $26.24 and its 200 day moving average is $27.64. Gen Digital has a fifty-two week low of $19.58 and a fifty-two week high of $31.72.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. Research analysts expect that Gen Digital will post 2.05 earnings per share for the current fiscal year.

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.