Institute for Wealth Management LLC. Has $489,000 Holdings in Gen Digital Inc. $GEN

Institute for Wealth Management LLC. lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,619 shares of the company’s stock after selling 489 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Gen Digital were worth $489,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Generali Investments CEE investicni spolecnost a.s. raised its stake in Gen Digital by 15.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 170,049 shares of the company’s stock worth $4,999,000 after buying an additional 22,884 shares during the period. Truist Financial Corp raised its stake in Gen Digital by 7.5% during the 2nd quarter. Truist Financial Corp now owns 75,493 shares of the company’s stock worth $2,219,000 after buying an additional 5,286 shares during the period. Janney Montgomery Scott LLC raised its stake in Gen Digital by 3,511.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 391,176 shares of the company’s stock worth $11,501,000 after buying an additional 380,343 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Gen Digital by 23.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 10,473 shares of the company’s stock worth $308,000 after purchasing an additional 1,980 shares in the last quarter. Finally, Kendall Capital Management increased its holdings in Gen Digital by 63.0% during the 2nd quarter. Kendall Capital Management now owns 98,845 shares of the company’s stock worth $2,906,000 after purchasing an additional 38,205 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $28.12 on Thursday. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 0.96 and a beta of 0.94. The business has a 50-day moving average of $29.84 and a 200-day moving average of $28.48. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Analysts Set New Price Targets

GEN has been the subject of a number of research reports. Morgan Stanley increased their target price on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. B. Riley initiated coverage on Gen Digital in a report on Monday, July 14th. They set a “buy” rating and a $46.00 target price for the company. Royal Bank Of Canada increased their target price on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Wells Fargo & Company increased their target price on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Wall Street Zen cut Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Gen Digital Company 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.