Public Employees Retirement System of Ohio Grows Stock Holdings in Gen Digital Inc. $GEN

Public Employees Retirement System of Ohio grew its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,567 shares of the company’s stock after purchasing an additional 3,170 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gen Digital were worth $5,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GEN. Catalyst Capital Advisors LLC grew its position in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after purchasing an additional 854 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Gen Digital by 221.5% during the 1st 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 in the last quarter. Tsfg LLC purchased a new position in shares of Gen Digital during the 1st quarter valued at $52,000. Rise Advisors LLC grew its position in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after purchasing an additional 381 shares in the last quarter. Finally, Capital Analysts LLC purchased a new position in shares of Gen Digital during the 1st quarter valued at $85,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Price Performance

GEN stock opened at $28.79 on Tuesday. The firm’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $28.48. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 0.97 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

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

Wall Street Analyst Weigh In

GEN has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company boosted their price target on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. Barclays lifted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Finally, Evercore ISI initiated coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price objective for the company. One investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

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.