Lifeworks Advisors LLC Raises Stock Holdings in Gen Digital Inc. $GEN

Lifeworks Advisors LLC boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,333 shares of the company’s stock after acquiring an additional 32,891 shares during the quarter. Lifeworks Advisors LLC’s holdings in Gen Digital were worth $4,412,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Gen Digital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after purchasing an additional 1,096,313 shares during the period. State Street Corp boosted its stake in shares of Gen Digital by 3.4% during the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after purchasing an additional 1,015,755 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Gen Digital by 2.2% during the third quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock valued at $651,867,000 after purchasing an additional 487,393 shares during the period. First Trust Advisors LP grew its holdings in shares of Gen Digital by 22.3% in the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after purchasing an additional 3,640,451 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Gen Digital by 14.3% in the fourth quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after purchasing an additional 1,954,712 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This represents 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 the SEC website. Also, Director John C. Chrystal bought 3,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director directly owned 31,419 shares in the company, valued at approximately $850,198.14. This represents a 10.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada raised their target price on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Argus upgraded Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Barclays increased their price objective on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Gen Digital Price Performance

NASDAQ:GEN opened at $25.91 on Monday. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The company has a 50-day moving average of $24.43 and a 200 day moving average of $23.28. The firm has a market cap of $15.61 billion, a PE ratio of 16.40 and a beta of 1.21. 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 (NASDAQ:GEN) last posted its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating 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 the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.59 EPS. The company’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, research analysts anticipate that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Dividend Announcement

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

Gen Digital Company 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.