Boston Partners Has $425.34 Million Position in Gen Digital Inc. $GEN

Boston Partners increased its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,644,289 shares of the company’s stock after purchasing an additional 1,954,712 shares during the period. Boston Partners’ holdings in Gen Digital were worth $425,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Gen Digital by 0.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,912,148 shares of the company’s stock valued at $215,131,000 after buying an additional 55,488 shares in the last quarter. Korea Investment CORP raised its holdings in Gen Digital by 1.8% in the 4th quarter. Korea Investment CORP now owns 438,354 shares of the company’s stock valued at $11,919,000 after acquiring an additional 7,654 shares in the last quarter. CI Investments Inc. raised its holdings in Gen Digital by 12.4% in the 4th quarter. CI Investments Inc. now owns 29,210 shares of the company’s stock valued at $794,000 after acquiring an additional 3,212 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Gen Digital by 2.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 120,713 shares of the company’s stock valued at $3,282,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Gen Digital in the 4th quarter valued at $2,509,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on GEN shares. Barclays lifted their price objective on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Argus raised Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.29.

Gen Digital Price Performance

GEN stock opened at $24.32 on Friday. The company has a 50 day simple moving average of $22.13 and a 200 day simple moving average of $23.60. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. 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 stock has a market cap of $14.65 billion, a price-to-earnings ratio of 15.39 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue was up 27.0% compared to the same quarter last year. 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. Research analysts anticipate that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio is 31.65%.

Insider Activity at Gen Digital

In other Gen Digital news, Director John C. Chrystal purchased 3,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost 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. The trade was a 10.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

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.