Bank of New York Mellon Corp Has $131.43 Million Holdings in Gen Digital Inc. $GEN

Bank of New York Mellon Corp trimmed its position in Gen Digital Inc. (NASDAQ:GEN) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,629,517 shares of the company’s stock after selling 134,181 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gen Digital were worth $131,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. True Wealth Design LLC increased its holdings in shares of Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after purchasing an additional 529 shares during the period. Spire Wealth Management boosted its stake in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after buying an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Gen Digital in the second quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new position in shares of Gen Digital in the 2nd quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GEN shares. Zacks Research lowered shares of Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Royal Bank Of Canada cut their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Evercore ISI increased their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.43.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $23.99 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a 50-day simple moving average of $26.57 and a two-hundred day simple moving average of $27.90. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. 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. Analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, November 17th. Gen Digital’s payout ratio is 54.35%.

Insider Transactions at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction that occurred 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 transaction, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Chrystal bought 5,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director directly owned 28,419 shares of the company’s stock, valued at $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Gen Digital Company Profile

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.