Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Holdings in Gen Digital Inc. $GEN

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 57.9% during the first quarter, Holdings Channel reports. The firm owned 380,231 shares of the company’s stock after purchasing an additional 139,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gen Digital were worth $7,160,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GEN. International Assets Investment Management LLC purchased a new position in shares of Gen Digital in the 4th quarter valued at $27,000. TD Private Client Wealth LLC lifted its position in Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Gen Digital in the second quarter valued at $47,000. Geneos Wealth Management Inc. boosted its stake in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Gen Digital by 47.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after purchasing an additional 568 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of Gen Digital 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 sale, the director owned 3,832,724 shares of the company’s stock, 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 the SEC website. Also, Director John C. Chrystal bought 3,000 shares of the company’s stock in a transaction 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 directly owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by insiders.

Gen Digital Stock Performance

NASDAQ:GEN opened at $26.67 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 16.88 and a beta of 1.21. The firm’s fifty day moving average price is $23.71 and its 200 day moving average price is $23.33. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $1.28 billion during 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 revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the business earned $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, sell-side analysts expect that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were given a $0.125 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays boosted their price objective 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. Finally, Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One 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, the company presently has an average rating of “Hold” and an average target price of $31.29.

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.