Park Avenue Securities LLC Buys New Shares in Gen Digital Inc. $GEN

Park Avenue Securities LLC purchased a new position in Gen Digital Inc. (NASDAQ:GEN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,731 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Gen Digital in the first quarter worth about $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Gen Digital by 43.6% in 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 purchasing an additional 3,724,211 shares in the last quarter. Boston Partners boosted its stake in Gen Digital by 37.3% in the 1st quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after purchasing an additional 3,631,052 shares during the period. Alyeska Investment Group L.P. bought a new position in Gen Digital in the 1st quarter worth approximately $71,287,000. Finally, Vanguard Group Inc. grew its holdings in Gen Digital by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock valued at $1,849,593,000 after buying an additional 2,513,464 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GEN has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price target 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. Morgan Stanley increased their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Barclays raised their price objective on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Finally, Wall Street Zen cut Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $28.12 on Thursday. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. 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 stock has a 50 day moving average price of $29.84 and a 200-day moving average price of $28.48. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 18th. Gen Digital’s dividend payout ratio (DPR) is 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.