Gotham Asset Management LLC Boosts Holdings in Gen Digital Inc. $GEN

Gotham Asset Management LLC increased its position in Gen Digital Inc. (NASDAQ:GEN) by 19.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,500,597 shares of the company’s stock after acquiring an additional 247,313 shares during the quarter. Gotham Asset Management LLC’s holdings in Gen Digital were worth $42,602,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GEN. Vanguard Group Inc. increased its position in shares of Gen Digital by 1.4% during the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after acquiring an additional 964,046 shares in the last quarter. Schroder Investment Management Group raised its holdings in Gen Digital by 48.1% in the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock worth $28,755,000 after acquiring an additional 317,468 shares during the last quarter. Mackenzie Financial Corp lifted its position in Gen Digital by 39.4% in the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock valued at $10,559,000 after acquiring an additional 101,580 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Gen Digital during the 3rd quarter valued at $8,238,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Gen Digital by 525.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,826 shares of the company’s stock worth $2,380,000 after purchasing an additional 70,424 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GEN. Jefferies Financial Group upgraded Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Wells Fargo & Company started coverage on Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Barclays reduced their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and a consensus price target of $32.71.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $20.68 on Monday. Gen Digital Inc. has a 52 week low of $20.61 and a 52 week high of $32.22. The firm has a 50 day moving average of $23.94 and a 200 day moving average of $26.25. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.56 earnings per share. Gen Digital’s revenue was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were given a $0.125 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Gen Digital’s dividend payout ratio is 51.55%.

Gen Digital 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.