SG Americas Securities LLC Purchases 299,381 Shares of Gen Digital Inc. $GEN

SG Americas Securities LLC lifted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 49.0% during the 1st quarter, HoldingsChannel reports. The fund owned 910,799 shares of the company’s stock after purchasing an additional 299,381 shares during the period. SG Americas Securities LLC’s holdings in Gen Digital were worth $17,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Gen Digital in the 4th quarter worth about $27,000. Clearstead Advisors LLC boosted its stake in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Gen Digital in the second quarter valued at approximately $47,000. Institutional investors own 81.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Chrystal bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the acquisition, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.30% of the stock is owned by company insiders.

Gen Digital Stock Performance

Shares of GEN stock opened at $23.31 on Friday. The stock has a market capitalization of $14.04 billion, a PE ratio of 14.75 and a beta of 1.21. The business’s 50 day simple moving average is $23.03 and its 200 day simple moving average is $23.41. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company’s revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, research analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Analyst Ratings Changes

GEN has been the topic of a number of research reports. Wells Fargo & Company started coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Argus raised shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Finally, Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus target price of $31.29.

About Gen Digital

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.