CenterBook Partners LP Grows Position in Gen Digital Inc. $GEN

CenterBook Partners LP lifted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 149.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,534 shares of the company’s stock after acquiring an additional 27,902 shares during the quarter. CenterBook Partners LP’s holdings in Gen Digital were worth $1,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEN. Choreo LLC boosted its position in shares of Gen Digital by 3.2% in the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after purchasing an additional 315 shares during the period. Beacon Pointe Advisors LLC lifted its stake in shares of Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after buying an additional 357 shares in the last quarter. CX Institutional boosted its holdings in Gen Digital by 0.9% in the 3rd quarter. CX Institutional now owns 55,971 shares of the company’s stock worth $1,589,000 after buying an additional 478 shares during the period. Amalgamated Bank increased its stake in Gen Digital by 0.5% in the 3rd quarter. Amalgamated Bank now owns 108,378 shares of the company’s stock worth $3,077,000 after buying an additional 487 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Gen Digital by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 114,511 shares of the company’s stock worth $3,367,000 after buying an additional 490 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the firm’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 completion of the sale, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by insiders.

Gen Digital Stock Up 0.0%

Shares of GEN opened at $22.35 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The business has a fifty day moving average of $25.56 and a 200 day moving average of $27.23. The company has a market cap of $13.54 billion, a PE ratio of 23.04, a P/E/G ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a 52-week low of $22.08 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, sell-side analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Gen Digital’s dividend payout ratio is 51.55%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday. Barclays dropped their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital presently has an average rating of “Hold” and a consensus target price of $35.29.

Gen Digital Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.