US Bancorp DE reduced its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,752 shares of the company's stock after selling 15,618 shares during the quarter. US Bancorp DE's holdings in Gen Digital were worth $1,851,000 as of its most recent filing with the Securities & Exchange Commission.\n\nA number of other large investors also recently bought and sold shares of GEN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Gen Digital during the 4th quarter valued at about $14,367,000. QSM Asset Management Ltd acquired a new position in Gen Digital during the 4th quarter valued at about $5,373,000. Brighton Jones LLC increased its position in Gen Digital by 5.4% during the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after buying an additional 1,299 shares in the last quarter. Wellington Management Group LLP increased its position in Gen Digital by 98.8% during the 4th quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after buying an additional 56,993 shares in the last quarter. Finally, Kera Capital Partners Inc. increased its position in Gen Digital by 41.7% during the 1st quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after buying an additional 3,466 shares in the last quarter. Institutional investors own 81.38% of the company's stock.\n\nGen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $31.72. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.51. The company's 50-day moving average is $29.64 and its two-hundred day moving average is $27.83.\n\nGen Digital last released its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.\n\nThe company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Gen Digital's dividend payout ratio is presently 51.55%.\n\nSeveral research firms have weighed in on GEN. Morgan Stanley dropped their price target on Gen Digital from $27.00 to $25.00 and set an 'equal weight' rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their price target on Gen Digital from $37.00 to $40.00 and gave the company an 'overweight' rating in a research note on Friday. Cut shares of Gen Digital from a 'strong-buy' rating to a 'buy' rating in a report on Saturday, July 5th. Evercore ISI began coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an 'outperform' rating and a $35.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a 'sector perform' rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of 'Moderate Buy' and a consensus target price of $35.33.\n\nIn other Gen Digital news, Director sold 31,646 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the transaction, the director owned 34,860 shares of the company's stock, valued at $1,002,573.60. This represents a 47.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through.\n\nGen 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.

US Bancorp DE Lowers Position in Gen Digital Inc. (NASDAQ:GEN)

US Bancorp DE reduced its holdings in Gen Digital Inc. by 18.3% during the first quarter, selling 15,618 shares and holding 69,752 shares worth $1.851 million as of its latest 13F filing. Other institutional investors such as Universal Beteiligungs und Servicegesellschaft mbH, QSM Asset Management Ltd, Brighton Jones LLC, Wellington Management Group LLP, and Kera Capital Partners Inc. made notable changes to their positions in the fourth quarter or first quarter. Gen Digital reported strong quarterly earnings, including $0.64 EPS and $1.26 billion in revenue, exceeding expectations. The company also announced a $0.125 per share quarterly dividend with a yield of 1.6%. Research firms like Morgan Stanley, Wells Fargo, Evercore ISI, and Royal Bank of Canada issued updated ratings and price targets. Gen Digital provides cyber safety solutions under brands such as Norton, Avast, Avira, AVG, and CCleaner to consumers globally.