GEN Gen Digital Inc.

Gen Digital Inc. announced a proposed private offering of $1,100 million in senior notes due 2033. The company intends to use the net proceeds to repurchase outstanding 5.00% Senior Notes due 2025 and for general corporate purposes. This offering is exempt from formal registration requirements and targets qualified institutional buyers and non-U.S. investors.

Vontobel Holding Ltd. significantly increased its stake in Gen Digital Inc. by 1,275.2% in Q3, now holding 95,836 shares valued at approximately $2.72 million. This comes as Gen Digital reported strong Q3 earnings, surpassing estimates with $0.62 EPS and $1.22 billion in revenue, leading to positive FY2026 EPS guidance. While institutional investors show strong interest, insider activity included both a director purchasing 5,000 shares and another selling 113,674 shares.

Voya Investment Management LLC significantly reduced its stake in Gen Digital Inc. by 29.8% in the third quarter, selling 52,250 shares and retaining 123,145 shares valued at $3.496 million. Despite this, institutional investors and hedge funds still collectively own 81.38% of the company's stock. Gen Digital reported a slight earnings beat for its last quarter and provided optimistic FY2026 guidance, though analysts maintain a "Hold" rating with an average price target of $35.43.

Gen Digital (GEN) reported stronger-than-expected fiscal 2026 second-quarter results, with net revenue up 25.3% year-over-year to US$1.22 billion, prompting an upgrade in full-year revenue and EPS guidance. This performance, combined with discussions on its cyber protection and financial wellness platforms, has refocused investor attention on the company's long-term earnings potential. While the positive results reinforce the near-term earnings story, concerns about leverage, valuation, and the ability to monetize services amidst rising competition still persist.

Gen Digital Inc. (NASDAQ:GEN) has received a consensus "Hold" rating from eight brokerages, with an average 1-year price target of $35.43. The company recently reported Q3 results that slightly beat expectations and set FY2026 EPS guidance higher than analysts' current average. Recent insider transactions include a director selling shares and another director acquiring shares.

Hixon Zuercher LLC initiated a new position in Gen Digital Inc. (NASDAQ:GEN) during the third quarter, acquiring 117,579 shares valued at approximately $3.34 million. This investment comes as Gen Digital reported strong Q3 earnings, beating analyst expectations with diluted EPS of $0.62 and revenue of $1.22 billion, a 25.3% year-over-year increase. The cybersecurity company also provided optimistic FY 2026 guidance, with institutional ownership remaining high at 81.38% and a consensus analyst rating of "Hold" with a target price of $35.43.