Jupiter Asset Management Ltd. Purchases Shares of 290,157 Gen Digital Inc. $GEN

Jupiter Asset Management Ltd. acquired a new position in Gen Digital Inc. (NASDAQ:GEN) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 290,157 shares of the company’s stock, valued at approximately $8,238,000.

Several other large investors have also modified their holdings of GEN. Aviva PLC lifted its position in Gen Digital by 6.6% in the second quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group raised its stake in shares of Gen Digital by 48.1% in the 2nd quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock valued at $28,755,000 after buying an additional 317,468 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Gen Digital in the 2nd quarter valued at $394,000. Mackenzie Financial Corp lifted its holdings in shares of Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after acquiring an additional 101,580 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Gen Digital by 1.4% during the 3rd 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. 81.38% of the stock is owned by institutional investors.

Gen Digital Trading Up 0.0%

Shares of GEN opened at $22.35 on Friday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 0.74 and a beta of 1.09. The stock has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $27.22. Gen Digital Inc. has a 52-week low of $22.08 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. 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. Analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GEN. Evercore increased their price target on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Barclays lowered their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, Royal Bank Of Canada dropped their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital currently has a consensus rating of “Hold” and a consensus target price of $35.29.

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.