28,100 Shares in Gen Digital Inc. $GEN Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Gen Digital Inc. (NASDAQ:GEN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,100 shares of the company’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Gen Digital during the fourth quarter worth about $27,000. TD Private Client Wealth LLC lifted its stake in Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Gen Digital during the 2nd quarter worth approximately $47,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Gen Digital by 47.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Up 0.7%

GEN opened at $26.78 on Wednesday. The stock’s fifty day simple moving average is $24.02 and its 200 day simple moving average is $23.32. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The stock has a market cap of $16.13 billion, a PE ratio of 16.95 and a beta of 1.21. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. 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 expect that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s payout ratio is presently 31.65%.

Insider Transactions at Gen Digital

In related news, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction dated 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 approximately $94,974,900.72. This represents a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the transaction, the director directly owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Barclays raised their target price on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Argus upgraded Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital presently has an average rating of “Hold” and an average price target of $31.29.

Gen Digital Profile

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.