Arrowstreet Capital Limited Partnership Purchases 2,035,925 Shares of Gen Digital Inc. $GEN

Arrowstreet Capital Limited Partnership grew its position in Gen Digital Inc. (NASDAQ:GEN) by 82.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,497,501 shares of the company’s stock after acquiring an additional 2,035,925 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.73% of Gen Digital worth $132,227,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GEN. Cullen Frost Bankers Inc. bought a new position in Gen Digital during the second quarter worth about $32,000. Geneos Wealth Management Inc. raised its stake 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 buying an additional 1,183 shares during the period. Rise Advisors LLC lifted its position in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares during the last quarter. Capital Analysts LLC bought a new position in shares of Gen Digital during the 1st quarter worth approximately $85,000. Finally, Allworth Financial LP increased its holdings in shares of Gen Digital by 136.1% during the 2nd quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock worth $155,000 after acquiring an additional 3,040 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Stock Performance

NASDAQ GEN opened at $26.25 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. The company has a market capitalization of $16.19 billion, a P/E ratio of 28.53, a P/E/G ratio of 0.87 and a beta of 1.11. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The firm has a 50-day moving average price of $26.87 and a two-hundred day moving average price of $28.66.

Gen Digital (NASDAQ:GEN) last announced its 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 net margin of 12.74% and a return on equity of 57.09%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. Analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Evercore ISI boosted their price objective on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their target price on 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 given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Gen Digital has an average rating of “Moderate Buy” and an average 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.