Financiere des Professionnels Fonds d investissement inc. Has $774,000 Stock Position in Gen Digital Inc. $GEN

Financiere des Professionnels Fonds d investissement inc. lifted its position in Gen Digital Inc. (NASDAQ:GEN) by 145.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 41,082 shares of the company’s stock after buying an additional 24,319 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Gen Digital were worth $774,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of Gen Digital by 38,275.3% in the fourth quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock worth $5,078,000 after acquiring an additional 194,056 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Gen Digital by 9.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock valued at $30,128,000 after purchasing an additional 102,345 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Gen Digital by 3.8% during the 4th quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock valued at $247,027,000 after purchasing an additional 334,156 shares in the last quarter. LBP AM SA grew its position in shares of Gen Digital by 63.7% in the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock valued at $20,074,000 after purchasing an additional 287,369 shares during the period. Finally, National Pension Service grew its position in shares of Gen Digital by 13.6% in the 4th quarter. National Pension Service now owns 934,892 shares of the company’s stock valued at $25,420,000 after purchasing an additional 112,136 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Trading Down 1.0%

NASDAQ GEN opened at $26.74 on Friday. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $23.27. The stock has a market capitalization of $16.11 billion, a price-to-earnings ratio of 16.92 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last announced 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. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. 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, analysts anticipate that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given 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 yield of 1.9%. Gen Digital’s payout ratio is 31.65%.

Insider Transactions at Gen Digital

In other news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This trade represents a 2.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Chrystal bought 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. The trade was a 10.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on GEN shares. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays upped their price target on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of Gen Digital in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Gen Digital currently has a consensus rating of “Hold” and an average target price of $29.33.

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.