Gen Digital Inc. $GEN Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Gen Digital Inc. (NASDAQ:GEN) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,763,698 shares of the company’s stock after selling 420,791 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gen Digital were worth $140,053,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in Gen Digital in the second quarter worth approximately $32,000. Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% during the 1st 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. Rise Advisors LLC grew its holdings in shares of Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of Gen Digital during the first quarter worth $85,000. Finally, Assetmark Inc. lifted its holdings in shares of Gen Digital by 29.5% during the second quarter. Assetmark Inc. now owns 5,494 shares of the company’s stock valued at $162,000 after purchasing an additional 1,251 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group started coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Barclays raised their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Royal Bank Of Canada lifted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Price Performance

NASDAQ GEN opened at $25.45 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The company has a 50 day simple moving average of $27.91 and a 200-day simple moving average of $28.66. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Equities research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

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.