8,720 Shares in Gen Digital Inc. $GEN Bought by Patton Fund Management Inc.

Patton Fund Management Inc. purchased a new position in Gen Digital Inc. (NASDAQ:GEN) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,720 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock worth $1,849,593,000 after buying an additional 2,513,464 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Gen Digital by 3.8% during the first quarter. Ameriprise Financial Inc. now owns 21,067,048 shares of the company’s stock valued at $559,126,000 after purchasing an additional 768,652 shares during the last quarter. Boston Partners increased its stake in Gen Digital by 37.3% during the first quarter. Boston Partners now owns 13,358,167 shares of the company’s stock valued at $354,456,000 after purchasing an additional 3,631,052 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Gen Digital by 43.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock valued at $325,662,000 after purchasing an additional 3,724,211 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Gen Digital during the first quarter valued at $299,562,000. Institutional investors own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GEN shares. Morgan Stanley boosted their target price on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Barclays boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. B. Riley started coverage on shares of Gen Digital in a research note on Monday, July 14th. They set a “buy” rating and a $46.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Gen Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.50.

Gen Digital Stock Up 1.1%

Gen Digital stock opened at $28.80 on Friday. The company has a 50-day simple moving average of $29.97 and a 200-day simple moving average of $28.45. The firm has a market capitalization of $17.74 billion, a P/E ratio of 29.69, a P/E/G ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates 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 quarter in the prior 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. As a group, equities analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.7%. Gen Digital’s dividend payout ratio is presently 51.55%.

About Gen Digital

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.