Amundi Acquires 3,150,651 Shares of Gen Digital Inc. $GEN

Amundi increased its position in Gen Digital Inc. (NASDAQ:GEN) by 273.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,303,552 shares of the company’s stock after buying an additional 3,150,651 shares during the quarter. Amundi owned 0.70% of Gen Digital worth $128,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new stake in Gen Digital in the second quarter worth about $32,000. Geneos Wealth Management Inc. grew 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 worth $46,000 after purchasing an additional 1,183 shares during the period. Rise Advisors LLC grew its stake in Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares during the period. Capital Analysts LLC bought a new position in Gen Digital in the first quarter worth $85,000. Finally, Groupe la Francaise lifted its position in Gen Digital by 60.4% during the second quarter. Groupe la Francaise now owns 4,062 shares of the company’s stock valued at $119,000 after buying an additional 1,529 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Trading Up 0.1%

Gen Digital stock opened at $27.09 on Monday. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 0.90 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 of $26.76 and a 200 day moving average of $28.64. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. 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. As a group, research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is currently 54.35%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their target price 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. Jefferies Financial Group began coverage on shares of Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price for the company. Evercore ISI boosted their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley lifted their price objective on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.43.

Insider Buying and Selling at Gen Digital

In other news, Director John C. Chrystal acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.30% of the company’s stock.

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.