69,243 Shares in Gen Digital Inc. $GEN Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 69,243 shares of the company’s stock, valued at approximately $2,036,000. Gen Digital comprises approximately 0.6% of Blueshift Asset Management LLC’s holdings, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in GEN. Choreo LLC raised its stake in shares of Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after purchasing an additional 315 shares in the last quarter. Rise Advisors LLC raised its stake in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Gen Digital by 0.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock worth $1,856,000 after buying an additional 427 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Gen Digital by 5.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock worth $248,000 after acquiring an additional 454 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Gen Digital by 3.0% in the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock valued at $456,000 after acquiring an additional 458 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gen Digital

In related news, Director John C. Chrystal acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the transaction, the director 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $26.28 on Tuesday. The firm’s 50 day moving average is $26.92 and its two-hundred day moving average is $28.68. The firm has a market capitalization of $16.21 billion, a P/E ratio of 27.09, a PEG ratio of 0.87 and a beta of 0.94. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group began coverage on shares of Gen Digital in a report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Finally, Royal Bank Of Canada lowered their target price on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital 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.