Sound Income Strategies LLC Purchases 194,056 Shares of Gen Digital Inc. $GEN

Sound Income Strategies LLC increased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 38,275.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,563 shares of the company’s stock after purchasing an additional 194,056 shares during the quarter. Sound Income Strategies LLC’s holdings in Gen Digital were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Beacon Pointe Advisors LLC grew its stake in shares of Gen Digital by 3.9% in the second quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock worth $279,000 after purchasing an additional 357 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Gen Digital by 2.4% in the fourth quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after purchasing an additional 387 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Gen Digital by 20.9% in the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after purchasing an additional 390 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Gen Digital by 22.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after purchasing an additional 414 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GEN shares. Wells Fargo & Company started coverage on Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price on the stock. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One equities research 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.71.

Gen Digital Price Performance

GEN stock opened at $19.37 on Tuesday. The firm has a 50 day moving average price of $21.90 and a 200-day moving average price of $25.15. Gen Digital Inc. has a 52-week low of $18.20 and a 52-week high of $32.22. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 0.54 and a beta of 1.15. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47.

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

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, February 13th. Gen Digital’s payout ratio is presently 51.55%.

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.