ABN AMRO Bank N.V. Purchases 126,952 Shares of Gen Digital Inc. $GEN

ABN AMRO Bank N.V. increased its position in Gen Digital Inc. (NASDAQ:GEN) by 27.9% in the first quarter, Holdings Channel.com reports. The firm owned 582,135 shares of the company’s stock after acquiring an additional 126,952 shares during the period. ABN AMRO Bank N.V.’s holdings in Gen Digital were worth $11,076,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GEN. International Assets Investment Management LLC acquired a new stake in shares of Gen Digital during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC grew its holdings in 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 acquiring an additional 400 shares during the period. TD Private Client Wealth LLC grew its holdings in Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Gen Digital during the 2nd quarter valued at $47,000. 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 currently owned by institutional investors and hedge funds.

Gen Digital Price Performance

GEN opened at $24.45 on Friday. The stock has a market cap of $14.73 billion, a P/E ratio of 15.47 and a beta of 1.21. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month 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 company has a fifty day simple moving average of $23.13 and a 200 day simple moving average of $23.41.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm 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 company posted $0.59 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. 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, research analysts expect that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, May 18th. Gen Digital’s payout ratio is 31.65%.

Insider Activity

In related news, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the transaction, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Chrystal bought 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the purchase, the director owned 31,419 shares in the company, valued at $850,198.14. This represents a 10.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GEN shares. Wells Fargo & Company began coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective for the company. Barclays increased their target price on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada boosted their target price on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Gen Digital currently has a consensus rating of “Hold” and a consensus price target 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.