Landscape Capital Management L.L.C. Acquires Shares of 103,131 Gen Digital Inc. $GEN

Landscape Capital Management L.L.C. acquired a new stake in Gen Digital Inc. (NASDAQ:GEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 103,131 shares of the company’s stock, valued at approximately $2,567,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEN. Trust Co. of Vermont bought a new stake in Gen Digital in the 2nd quarter valued at $32,000. International Assets Investment Management LLC acquired a new stake in Gen Digital during the 4th quarter valued at $27,000. Grove Bank & Trust boosted its position in Gen Digital by 452.2% during the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after purchasing an additional 927 shares during the period. TD Private Client Wealth LLC boosted its position in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of Gen Digital in the second quarter valued at $47,000. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Performance

Shares of NASDAQ GEN opened at $28.93 on Friday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day moving average price is $26.49 and its two-hundred day moving average price is $23.57. Gen Digital Inc. has a one year low of $17.78 and a one year high of $31.88. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 16.82 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities analysts forecast that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

GEN has been the topic of several research analyst reports. Royal Bank Of Canada increased their price objective on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price target on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.67.

Insiders Place Their Bets

In other Gen Digital news, insider Travis Michael Witteveen sold 30,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00. Following the transaction, the insider owned 496,545 shares in the company, valued at $14,608,353.90. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $28.00, for a total transaction of $2,800,000.00. Following the transaction, the director owned 3,732,724 shares in the company, valued at approximately $104,516,272. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 230,440 shares of company stock worth $6,172,946 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

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.