35,573 Shares in Gen Digital Inc. $GEN Purchased by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 35,573 shares of the company’s stock, valued at approximately $1,046,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Gen Digital in the 2nd quarter worth about $32,000. CYBER HORNET ETFs LLC bought a new stake in Gen Digital during the 2nd quarter valued at about $44,000. Geneos Wealth Management Inc. raised its holdings in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Gen Digital in the 2nd quarter valued at approximately $47,000. Finally, Rise Advisors LLC raised its position in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after buying an additional 381 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of recent research reports. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Jefferies Financial Group started coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Morgan Stanley lifted their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada dropped their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus target price of $35.43.

Gen Digital Stock Performance

Shares of Gen Digital stock opened at $27.67 on Friday. The company has a market capitalization of $17.06 billion, a PE ratio of 30.08, a P/E/G ratio of 0.92 and a beta of 1.11. The company has a 50-day simple moving average of $26.68 and a two-hundred day simple moving average of $28.62. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. Research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 17th. Gen Digital’s dividend payout ratio is currently 54.35%.

Insiders Place Their Bets

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director directly owned 28,419 shares in the company, valued at $771,291.66. This represents a 21.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.30% of the stock is owned by company insiders.

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.