Gen Digital Inc. $GEN Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 1,418.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,418 shares of the company’s stock after purchasing an additional 571,165 shares during the quarter. SG Americas Securities LLC’s holdings in Gen Digital were worth $16,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GEN. Goldman Sachs Group Inc. grew its position in Gen Digital by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after buying an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Gen Digital during the 1st quarter valued at $205,000. Woodline Partners LP boosted its stake in shares of Gen Digital by 37.8% during the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after acquiring an additional 7,562 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Gen Digital by 9.7% during the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Price Performance

GEN opened at $18.34 on Friday. The stock has a fifty day moving average of $22.69 and a 200-day moving average of $25.63. The firm has a market capitalization of $11.11 billion, a P/E ratio of 18.91, a PEG ratio of 0.63 and a beta of 1.11. Gen Digital Inc. has a 12-month low of $18.20 and a 12-month high of $32.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.Gen Digital’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. 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. Equities analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s payout ratio is 51.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays reduced their price objective on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company began coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus target price of $32.71.

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.