Texas Permanent School Fund Corp Has $1.09 Million Holdings in Gen Digital Inc. $GEN

Texas Permanent School Fund Corp cut its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 38.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,211 shares of the company’s stock after selling 23,121 shares during the period. Texas Permanent School Fund Corp’s holdings in Gen Digital were worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GEN. Aviva PLC raised its stake in shares of Gen Digital by 6.6% in the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after acquiring an additional 25,315 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Gen Digital by 48.1% during the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock valued at $28,755,000 after purchasing an additional 317,468 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Gen Digital in the second quarter valued at approximately $394,000. Mackenzie Financial Corp increased its holdings in shares of Gen Digital by 39.4% in the second quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after purchasing an additional 101,580 shares in the last quarter. Finally, First Hawaiian Bank raised its position in Gen Digital by 129.6% in the 1st quarter. First Hawaiian Bank now owns 75,278 shares of the company’s stock worth $1,998,000 after purchasing an additional 42,488 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of GEN opened at $27.53 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The stock has a market cap of $16.98 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.11. The stock’s 50-day moving average price is $26.77 and its two-hundred day moving average price is $28.57.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.Gen Digital’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. On average, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were issued a $0.125 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Insider Buying and Selling at Gen Digital

In other news, Director John C. Chrystal purchased 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director directly owned 28,419 shares in the company, valued at $771,291.66. This trade represents a 21.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’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 position. The SEC filing for this sale provides additional information. Company insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GEN. Evercore ISI increased their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada lowered their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.43.

About Gen Digital

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.