Creative Planning Has $2.20 Million Holdings in Gen Digital Inc. $GEN

Creative Planning increased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,941 shares of the company’s stock after purchasing an additional 6,740 shares during the quarter. Creative Planning’s holdings in Gen Digital were worth $2,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEN. Choreo LLC acquired a new stake in shares of Gen Digital in the first quarter valued at about $260,000. HB Wealth Management LLC lifted its position in shares of Gen Digital by 4.3% in the 1st quarter. HB Wealth Management LLC now owns 23,557 shares of the company’s stock worth $625,000 after purchasing an additional 966 shares during the period. Empirical Finance LLC boosted its stake in shares of Gen Digital by 4.5% in the 1st quarter. Empirical Finance LLC now owns 20,151 shares of the company’s stock valued at $535,000 after purchasing an additional 863 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gen Digital by 77.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 891,931 shares of the company’s stock worth $23,672,000 after buying an additional 387,920 shares during the period. Finally, LPL Financial LLC raised its stake in Gen Digital by 24.7% during the first quarter. LPL Financial LLC now owns 143,150 shares of the company’s stock worth $3,799,000 after buying an additional 28,349 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GEN has been the topic of a number of recent analyst reports. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Jefferies Financial Group assumed coverage on shares of Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. Barclays raised their target price on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Evercore ISI upped their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.43.

Gen Digital Stock Up 2.0%

Shares of NASDAQ:GEN opened at $26.68 on Wednesday. The business’s 50 day moving average is $27.12 and its 200 day moving average is $28.76. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.87 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 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 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. On average, sell-side analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio is presently 54.35%.

Insider Buying and Selling

In other news, Director John C. Chrystal bought 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $27.14 per share, with a total value of $135,700.00. Following the transaction, the director directly owned 28,419 shares in the company, valued at $771,291.66. This represents a 21.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.30% of the company’s stock.

Gen Digital 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.