Hsbc Holdings PLC Purchases 555,469 Shares of Gen Digital Inc. $GEN

Hsbc Holdings PLC lifted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,750,399 shares of the company’s stock after acquiring an additional 555,469 shares during the period. Hsbc Holdings PLC owned approximately 0.45% of Gen Digital worth $72,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alps Advisors Inc. increased its holdings in shares of Gen Digital by 1.5% in the 1st quarter. Alps Advisors Inc. now owns 31,540 shares of the company’s stock worth $837,000 after purchasing an additional 465 shares in the last quarter. Greenleaf Trust boosted its position in shares of Gen Digital by 3.9% during the first quarter. Greenleaf Trust now owns 18,001 shares of the company’s stock valued at $478,000 after buying an additional 668 shares during the last quarter. Mather Group LLC. increased its holdings in Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock worth $99,000 after buying an additional 783 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after buying an additional 854 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in Gen Digital by 4.5% during the 1st quarter. Empirical Finance LLC now owns 20,151 shares of the company’s stock valued at $535,000 after acquiring an additional 863 shares during the period. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Performance

GEN opened at $31.44 on Thursday. The company’s 50 day moving average is $30.02 and its 200 day moving average is $28.05. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.05 and a beta of 1.00. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, equities research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.6%. Gen Digital’s payout ratio is 51.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Evercore ISI assumed coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price objective on the stock. B. Riley initiated coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 target price for the company. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.