Gen Digital Inc. $GEN Holdings Boosted by Foster & Motley Inc.

Foster & Motley Inc. boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 87.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,809 shares of the company’s stock after buying an additional 26,583 shares during the period. Foster & Motley Inc.’s holdings in Gen Digital were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEN. International Assets Investment Management LLC bought a new stake in Gen Digital in the fourth quarter worth $27,000. Clearstead Advisors LLC lifted 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 during the last quarter. TD Private Client Wealth LLC raised its stake 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 valued at $42,000 after purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. raised its position 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 valued at $46,000 after buying an additional 1,183 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Gen Digital during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ondrej Vlcek sold 100,000 shares of Gen Digital stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Chrystal bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director owned 31,419 shares in the company, valued at $850,198.14. This represents a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GEN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Wells Fargo & Company began 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 for the company. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their target price on shares of 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 shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gen Digital currently has a consensus rating of “Hold” and an average price target of $31.29.

Gen Digital Stock Up 4.9%

Gen Digital stock opened at $24.45 on Friday. The company has a 50 day moving average of $23.13 and a 200-day moving average of $23.41. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $32.22. The stock has a market capitalization of $14.73 billion, a PE ratio of 15.47 and a beta of 1.21.

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

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were paid a $0.125 dividend. 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%.

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.