Gen Digital Inc. $GEN Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 74.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 69,377 shares of the company’s stock after selling 197,570 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Gen Digital were worth $1,558,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in Gen Digital during the 3rd quarter valued at approximately $47,000. Howard Capital Management LLC acquired a new stake in shares of Gen Digital during the third quarter worth $5,459,000. Michael J. Porro & Co. Financial Advisors Inc. acquired a new stake in shares of Gen Digital during the third quarter worth $395,000. Ninety One UK Ltd purchased a new position in Gen Digital in the 3rd quarter valued at $49,000. Finally, Mather Group LLC. grew its position in Gen Digital by 37.3% in the 3rd quarter. Mather Group LLC. now owns 6,805 shares of the company’s stock valued at $150,000 after buying an additional 1,847 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Up 0.2%

GEN opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $26.89 and a 200-day simple moving average of $25.06. The stock has a market capitalization of $14.44 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.76 and a beta of 1.26. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $31.65.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities analysts anticipate that Gen Digital Inc. will post 2.66 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were issued a $0.1250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Gen Digital’s dividend payout ratio (DPR) is 29.07%.

Insiders Place Their Bets

In other Gen Digital news, COO Bryan Seuk Ko sold 28,248 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $30.67, for a total transaction of $866,366.16. Following the sale, the chief operating officer directly owned 744,262 shares in the company, valued at approximately $22,826,515.54. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Travis Witteveen sold 30,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $29.42, for a total transaction of $882,600.00. Following the transaction, the insider directly owned 496,545 shares in the company, valued at approximately $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 558,508 shares of company stock worth $16,356,093. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

GEN has been the topic of several recent research reports. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Wells Fargo & Company raised their target price on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Royal Bank Of Canada lowered their target price on shares of Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Monday, October 12th. Finally, Barclays boosted their price target on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.25.

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.