Gen Digital Inc. $GEN Stake Lifted by Swiss National Bank

Swiss National Bank raised its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 7.1% in the first quarter, HoldingsChannel reports. The firm owned 1,538,375 shares of the company’s stock after acquiring an additional 101,500 shares during the period. Swiss National Bank’s holdings in Gen Digital were worth $28,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Gen Digital during the fourth quarter valued at about $27,000. TD Private Client Wealth LLC lifted its stake in shares of Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Gen Digital in the 2nd quarter worth approximately $47,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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. boosted its holdings in shares of Gen Digital by 47.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after acquiring an additional 568 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling

In other news, Director John C. Chrystal bought 3,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, with a total value of $81,180.00. Following the transaction, the director directly owned 31,419 shares in the company, valued at approximately $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s 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 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 disclosure for this sale is available in the SEC filing. 9.30% of the stock is owned by corporate insiders.

Gen Digital Trading Down 2.0%

NASDAQ:GEN opened at $25.07 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The stock’s 50-day moving average is $25.31 and its two-hundred day moving average is $23.21. The stock has a market cap of $15.10 billion, a PE ratio of 15.87 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share 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 analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. 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. As a group, equities research analysts forecast that Gen Digital Inc. will post 2.61 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, May 18th. Gen Digital’s payout ratio is 31.65%.

Wall Street Analyst Weigh In

Several brokerages have commented on GEN. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays lifted their price target on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Gen Digital in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.33.

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.