Russell Investments Group Ltd. Has $13.04 Million Stock Holdings in Gen Digital Inc. $GEN

Russell Investments Group Ltd. cut its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,452 shares of the company's stock after selling 55,902 shares during the period. Russell Investments Group Ltd. owned 0.07% of Gen Digital worth $13,037,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inceptionr LLC grew its holdings in Gen Digital by 48.5% during the second quarter. Inceptionr LLC now owns 21,203 shares of the company's stock worth $623,000 after buying an additional 6,929 shares in the last quarter. Prudential Financial Inc. grew its position in Gen Digital by 41.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,087,812 shares of the company's stock worth $31,982,000 after purchasing an additional 320,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Gen Digital by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,426,470 shares of the company's stock valued at $100,738,000 after buying an additional 55,792 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Gen Digital by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 114,511 shares of the company's stock worth $3,367,000 after buying an additional 490 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Gen Digital by 14.8% during the 2nd quarter. Cozad Asset Management Inc. now owns 314,900 shares of the company's stock worth $9,258,000 after buying an additional 40,500 shares in the last quarter. Institutional investors own 81.38% of the company's stock.

Insiders Place Their Bets

In other Gen Digital news, Director John C. Chrystal acquired 5,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the transaction, the director directly owned 28,419 shares of the company's stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.30% of the stock is owned by corporate insiders.

Gen Digital Stock Down 0.3%

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NASDAQ GEN opened at $26.28 on Tuesday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The stock has a market capitalization of $16.21 billion, a PE ratio of 27.09, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The business's 50-day moving average is $26.92 and its 200 day moving average is $28.68.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its 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. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted $0.54 EPS. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Sell-side analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $0.125 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital's dividend payout ratio is presently 54.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GEN shares. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research note on Wednesday, October 8th. Barclays increased their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Wells Fargo & Company lifted their price objective on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research note on Friday, October 3rd. They issued a "hold" rating and a $31.00 target price on the stock. Finally, Evercore ISI lifted their price target on Gen Digital from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.43.

Read Our Latest Analysis on GEN

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.

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