Voya Investment Management LLC Buys 1,286 Shares of Gen Digital Inc. $GEN

Voya Investment Management LLC increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,625 shares of the company’s stock after buying an additional 1,286 shares during the quarter. Voya Investment Management LLC’s holdings in Gen Digital were worth $4,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its stake in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after purchasing an additional 854 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the period. Tsfg LLC acquired a new stake in Gen Digital during the 1st quarter worth about $52,000. Rise Advisors LLC grew its holdings in Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares during the period. Finally, Capital Analysts LLC acquired a new stake in Gen Digital during the 1st quarter worth about $85,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

GEN has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Evercore ISI initiated coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 price objective for the company. Wall Street Zen lowered shares of Gen Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th. Morgan Stanley upped their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Gen Digital Stock Performance

NASDAQ:GEN opened at $28.99 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a fifty day moving average of $30.08 and a two-hundred day moving average of $28.40. The stock has a market capitalization of $17.85 billion, a PE ratio of 29.89, a P/E/G ratio of 0.97 and a beta of 0.99. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last released 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. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $0.53 earnings per share. Gen Digital’s revenue was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, research analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. 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.