SteelPeak Wealth LLC Invests $2.73 Million in Gen Digital Inc. $GEN

SteelPeak Wealth LLC acquired a new position in Gen Digital Inc. (NASDAQ:GEN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 92,997 shares of the company’s stock, valued at approximately $2,734,000.

Several other institutional investors also recently bought and sold shares of the stock. JSF Financial LLC raised its position in Gen Digital by 7.3% during the second quarter. JSF Financial LLC now owns 40,173 shares of the company’s stock valued at $1,181,000 after acquiring an additional 2,741 shares in the last quarter. QRG Capital Management Inc. raised its position in Gen Digital by 48.0% during the second quarter. QRG Capital Management Inc. now owns 126,307 shares of the company’s stock valued at $3,713,000 after acquiring an additional 40,938 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Gen Digital by 17.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,221 shares of the company’s stock valued at $3,064,000 after acquiring an additional 15,126 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in Gen Digital by 81.0% during the second quarter. J. Safra Sarasin Holding AG now owns 94,693 shares of the company’s stock valued at $2,784,000 after acquiring an additional 42,383 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Gen Digital by 328.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company’s stock valued at $71,145,000 after acquiring an additional 1,855,504 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Stock Down 1.6%

Gen Digital stock opened at $27.30 on Wednesday. The stock has a market capitalization of $16.81 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The business has a 50 day simple moving average of $29.62 and a 200-day simple moving average of $28.48. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the company posted $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, analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital’s payout ratio is currently 51.55%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GEN shares. Royal Bank Of Canada lifted their price target on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Jefferies Financial Group started coverage on Gen Digital in a research report on Friday. They set a “hold” rating and a $31.00 price target for the company. Barclays lifted their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Wells Fargo & Company boosted their price objective on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Morgan Stanley boosted their price objective on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Gen Digital has a consensus rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital 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.