Blueshift Asset Management LLC Takes $2.04 Million Position in Gen Digital Inc. $GEN

Blueshift Asset Management LLC acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 69,243 shares of the company’s stock, valued at approximately $2,036,000. Gen Digital comprises 0.6% of Blueshift Asset Management LLC’s portfolio, making the stock its 19th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in GEN. LPL Financial LLC lifted its holdings in shares of Gen Digital by 24.7% in the 1st quarter. LPL Financial LLC now owns 143,150 shares of the company’s stock valued at $3,799,000 after buying an additional 28,349 shares during the period. XTX Topco Ltd purchased a new position in Gen Digital in the first quarter worth $332,000. Arkadios Wealth Advisors acquired a new stake in Gen Digital in the first quarter valued at $395,000. Natixis Advisors LLC boosted its position in shares of Gen Digital by 232.5% during the 1st quarter. Natixis Advisors LLC now owns 384,943 shares of the company’s stock worth $10,216,000 after purchasing an additional 269,172 shares in the last quarter. Finally, Commerce Bank grew its stake in shares of Gen Digital by 23.0% during the 1st quarter. Commerce Bank now owns 27,525 shares of the company’s stock worth $731,000 after purchasing an additional 5,142 shares during the period. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gen Digital

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director owned 28,419 shares in the company, valued at $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by corporate insiders.

Gen Digital Stock Performance

NASDAQ:GEN opened at $26.28 on Tuesday. The company has a market cap of $16.21 billion, a P/E ratio of 27.09, a P/E/G ratio of 0.87 and a beta of 0.94. The firm’s 50 day moving average is $26.92 and its two-hundred day moving average is $28.68. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. 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 announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

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%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GEN shares. Wells Fargo & Company boosted 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. Evercore ISI boosted their price objective on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Morgan Stanley upped their price target 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. Finally, Royal Bank Of Canada lowered their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.43.

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.