Strs Ohio Invests $1.51 Million in Gen Digital Inc. $GEN

Strs Ohio bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 56,700 shares of the company’s stock, valued at approximately $1,505,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GEN. Nuveen LLC acquired a new stake in shares of Gen Digital during the 1st quarter worth about $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Gen Digital by 43.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after acquiring an additional 3,724,211 shares in the last quarter. Boston Partners raised its position in shares of Gen Digital by 37.3% during the 1st quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after acquiring an additional 3,631,052 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Gen Digital during the 1st quarter worth about $71,287,000. Finally, Vanguard Group Inc. raised its position in shares of Gen Digital by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock worth $1,849,593,000 after acquiring an additional 2,513,464 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen lowered Gen Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target on the stock. B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Barclays lifted their price target on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Gen Digital Stock Down 0.6%

Gen Digital stock opened at $28.60 on Wednesday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a market cap of $17.61 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The stock’s 50 day moving average price is $30.13 and its 200 day moving average price is $28.37.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data 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 analysts’ expectations of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.7%. Gen Digital’s payout ratio is currently 51.55%.

About Gen Digital

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.