BNP Paribas Financial Markets Purchases 232,237 Shares of Gen Digital Inc. $GEN

BNP Paribas Financial Markets raised its position in Gen Digital Inc. (NASDAQ:GEN) by 24.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,173,575 shares of the company’s stock after purchasing an additional 232,237 shares during the period. BNP Paribas Financial Markets owned 0.19% of Gen Digital worth $31,910,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in Gen Digital by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after buying an additional 28,522 shares during the period. Great Lakes Advisors LLC acquired a new stake in Gen Digital during the 1st quarter worth about $205,000. Woodline Partners LP raised its position in shares of Gen Digital by 37.8% in the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after acquiring an additional 7,562 shares in the last quarter. Focus Partners Wealth raised its position in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the period. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Performance

Shares of GEN opened at $26.52 on Friday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 16.78 and a beta of 1.21. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The stock has a 50 day moving average price of $21.38 and a two-hundred day moving average price of $23.63. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.Gen Digital’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio is presently 31.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEN. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Argus upgraded Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Barclays raised 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 report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. One investment 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 stock. Based on data from MarketBeat.com, Gen Digital currently has a consensus rating of “Hold” and an average target price of $31.29.

Gen Digital Company 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.