Nisa Investment Advisors LLC Has $2.30 Million Holdings in Gen Digital Inc. $GEN

Nisa Investment Advisors LLC boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,236 shares of the company’s stock after buying an additional 7,594 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Gen Digital were worth $2,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gen Digital by 132.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company’s stock worth $16,039,000 after acquiring an additional 341,533 shares during the period. Mather Group LLC. boosted its holdings in shares of Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock worth $99,000 after acquiring an additional 783 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Gen Digital by 33.0% during the first quarter. Penserra Capital Management LLC now owns 2,972,160 shares of the company’s stock worth $78,880,000 after acquiring an additional 736,809 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of Gen Digital during the first quarter worth approximately $5,732,000. Finally, First Hawaiian Bank boosted its holdings in shares of Gen Digital by 129.6% during the first quarter. First Hawaiian Bank now owns 75,278 shares of the company’s stock worth $1,998,000 after acquiring an additional 42,488 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of research analyst reports. B. Riley initiated coverage on Gen Digital in a report on Monday, July 14th. They set a “buy” rating and a $46.00 price objective for the company. Royal Bank Of Canada boosted their price target on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Barclays boosted their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. 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 company’s stock. Based on data from MarketBeat.com, Gen Digital presently has a consensus rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Stock Up 0.9%

Shares of GEN opened at $26.09 on Friday. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company has a market cap of $16.07 billion, a P/E ratio of 26.90, a P/E/G ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $28.41 and a two-hundred day simple moving average of $28.61.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Research analysts forecast 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 18th. Gen Digital’s dividend payout ratio is presently 51.55%.

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.