Andra AP fonden Has $37.70 Million Stock Position in Gen Digital Inc. $GEN

Andra AP fonden lifted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 15.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,282,300 shares of the company’s stock after buying an additional 172,400 shares during the quarter. Andra AP fonden owned about 0.21% of Gen Digital worth $37,700,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Gen Digital in the second quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its position in shares of Gen Digital by 221.5% during the 1st 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 during the period. Rise Advisors LLC boosted its position in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares in the last quarter. Capital Analysts LLC acquired a new stake in Gen Digital in the first quarter valued at approximately $85,000. Finally, Assetmark Inc. increased its stake in Gen Digital by 29.5% during the 2nd quarter. Assetmark Inc. now owns 5,494 shares of the company’s stock valued at $162,000 after purchasing an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GEN shares. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. B. Riley initiated coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 price target on the stock. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Wells Fargo & Company upped their price target on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Barclays boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Gen Digital Trading Down 0.1%

NASDAQ GEN opened at $25.84 on Thursday. The stock has a market cap of $15.91 billion, a P/E ratio of 26.64, a P/E/G ratio of 0.87 and a beta of 0.94. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The stock’s fifty day moving average price is $28.01 and its 200-day moving average price is $28.69.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, equities analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.