Blair William & Co. IL Has $233,000 Stake in Gen Digital Inc. (NASDAQ:GEN)

Blair William & Co. IL lifted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 15.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,796 shares of the company’s stock after acquiring an additional 1,201 shares during the period. Blair William & Co. IL’s holdings in Gen Digital were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. LSV Asset Management lifted its position in shares of Gen Digital by 1.5% during the 1st quarter. LSV Asset Management now owns 8,208,034 shares of the company’s stock valued at $217,841,000 after acquiring an additional 119,354 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Gen Digital by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 5,184,489 shares of the company’s stock valued at $137,596,000 after acquiring an additional 117,013 shares during the period. Penserra Capital Management LLC raised its holdings in 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 buying an additional 736,809 shares during the last quarter. KBC Group NV lifted its stake in shares of Gen Digital by 32.7% in the first quarter. KBC Group NV now owns 2,769,361 shares of the company’s stock valued at $73,499,000 after buying an additional 682,530 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in shares of Gen Digital by 40.2% during the first quarter. Achmea Investment Management B.V. now owns 1,454,610 shares of the company’s stock valued at $38,605,000 after buying an additional 417,206 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Performance

NASDAQ GEN opened at $31.85 on Wednesday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $31.88. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.51. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.03 and a beta of 1.00. The company has a fifty day moving average price of $29.74 and a 200-day moving average price of $27.88.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, equities research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.6%. Gen Digital’s dividend payout ratio is presently 51.55%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GEN shares. B. Riley started coverage on shares of 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 lifted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Barclays lifted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Morgan Stanley reduced their price objective on shares of Gen Digital from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Insiders Place Their Bets

In related news, Director Nora Denzel sold 31,646 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the transaction, the director owned 34,860 shares in the company, valued at approximately $1,002,573.60. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.30% of the company’s stock.

Gen Digital Company 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.