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Allianz Asset Management GmbH Sells 154,644 Shares of Gen Digital Inc. $GEN
Allianz Asset Management GmbH reduced its stake in Gen Digital Inc. by 31.2% in Q3, selling 154,644 shares and retaining 340,613 shares valued at approximately $9.67 million. Despite this, Gen Digital exceeded Q3 revenue and EPS expectations, raising its FY-2026 and Q4 guidance, driven by strong bookings, AI features, and the MoneyLion business. Institutional ownership remains high at 81.38%, with mixed insider activity, including one director buying shares and another selling.