Gen Digital Inc. $GEN Stock: Valley National Advisers Inc. Boosts Position

Valley National Advisers Inc. lifted its stake in Gen Digital Inc. (NASDAQ:GEN) by 154,977.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,988 shares of the company’s stock after acquiring an additional 75,939 shares during the period. Valley National Advisers Inc.’s holdings in Gen Digital were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Kendall Capital Management lifted its holdings in Gen Digital by 5.2% during the 3rd quarter. Kendall Capital Management now owns 207,970 shares of the company’s stock worth $4,579,000 after purchasing an additional 10,345 shares in the last quarter. Root Financial Partners LLC bought a new position in Gen Digital in the 3rd quarter worth about $59,000. Vest Financial LLC grew its holdings in Gen Digital by 3.1% during the 3rd quarter. Vest Financial LLC now owns 91,532 shares of the company’s stock valued at $2,016,000 after buying an additional 2,783 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Gen Digital by 8.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,377,320 shares of the company’s stock valued at $52,349,000 after buying an additional 176,207 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Gen Digital by 5.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,879 shares of the company’s stock valued at $1,869,000 after buying an additional 4,304 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Royal Bank Of Canada lowered their price target 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. Wells Fargo & Company raised their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Barclays boosted their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Insider Transactions at Gen Digital

In related news, insider Travis Witteveen sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $29.42, for a total value 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 represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ondrej Vlcek sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the director directly owned 3,332,904 shares in the company, valued at $99,987,120. This represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 558,508 shares of company stock valued at $16,356,093. 9.70% of the stock is owned by corporate insiders.

Gen Digital Trading Down 0.0%

Shares of GEN stock opened at $24.88 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $31.65. The company has a market capitalization of $14.89 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26. The business’s fifty day moving average is $26.72 and its 200 day moving average is $25.10.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. 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 research analysts anticipate that Gen Digital Inc. will post 2.66 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, August 17th. Gen Digital’s dividend payout ratio (DPR) is 29.07%.

Gen Digital 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.