Eurizon Capital SGR S.p.A. Makes New $1.23 Million Investment in Gen Digital Inc. $GEN

Eurizon Capital SGR S.p.A. bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 45,058 shares of the company’s stock, valued at approximately $1,229,000.

Several other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of Gen Digital by 2.4% during the 4th quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after purchasing an additional 387 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Gen Digital by 20.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after purchasing an additional 390 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Gen Digital by 22.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after purchasing an additional 414 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its position in shares of Gen Digital by 0.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock worth $2,222,000 after purchasing an additional 426 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEN has been the topic of several research analyst reports. Barclays boosted their target price on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company started coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price objective on the stock. Finally, Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.29.

Gen Digital Price Performance

Gen Digital stock opened at $27.53 on Wednesday. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The firm’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $23.63. The firm has a market capitalization of $16.58 billion, a PE ratio of 17.42 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. 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. On average, equities research analysts predict that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

About Gen Digital

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.