AXQ Capital LP Invests $860,000 in Gen Digital Inc. $GEN

AXQ Capital LP bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,635 shares of the company’s stock, valued at approximately $860,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Gen Digital during the fourth quarter worth $27,000. Clearstead Advisors LLC increased its holdings in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after buying an additional 400 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Gen Digital by 221.5% during 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 in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Gen Digital during the second quarter worth $47,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GEN. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Barclays boosted their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.29.

Gen Digital Stock Performance

Shares of GEN opened at $27.53 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $16.58 billion, a P/E ratio of 17.42 and a beta of 1.21. The firm’s fifty day simple moving average is $21.01 and its two-hundred day simple moving average is $23.63. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, analysts predict that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s dividend payout ratio is 31.65%.

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.