denkapparat Operations GmbH Makes New Investment in Gen Digital Inc. $GEN

denkapparat Operations GmbH bought a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,994 shares of the company’s stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also modified their holdings of GEN. Larson Financial Group LLC grew its stake in shares of Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after buying an additional 390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Gen Digital by 14.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company’s stock valued at $64,000 after acquiring an additional 427 shares during the last quarter. Vident Advisory LLC grew its position in Gen Digital by 1.6% in the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after acquiring an additional 428 shares in the last quarter. Fisher Asset Management LLC grew its position in Gen Digital by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock worth $210,000 after acquiring an additional 430 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Gen Digital by 9.4% during the 4th quarter. Huntington National Bank now owns 5,216 shares of the company’s stock worth $142,000 after purchasing an additional 448 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $30.65 on Friday. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.99 and a beta of 1.22. The business has a 50 day moving average price of $27.78 and a 200 day moving average price of $24.03. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $31.65.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. 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. Research analysts predict that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 17th. Gen Digital’s dividend payout ratio is presently 29.07%.

Insiders Place Their Bets

In other Gen Digital news, insider Travis Witteveen sold 30,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the sale, the insider directly owned 496,545 shares in the company, valued at $14,608,353.90. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the transaction, the director owned 3,332,904 shares in the company, valued at approximately $99,987,120. The trade was a 5.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 630,260 shares of company stock valued at $17,967,726. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

GEN has been the subject of several analyst reports. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Barclays raised their target price on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price target on Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.60.

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.