Hershey Financial Advisers LLC Buys New Shares in Gen Digital Inc. $GEN

Hershey Financial Advisers LLC purchased a new position in Gen Digital Inc. (NASDAQ:GEN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,573 shares of the company’s stock, valued at approximately $1,046,000.

Several other institutional investors have also recently made changes to their positions in GEN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 valued at $325,662,000 after buying an additional 3,724,211 shares during the period. Amundi raised its stake in Gen Digital by 273.3% during the 2nd quarter. Amundi now owns 4,303,552 shares of the company’s stock worth $128,289,000 after buying an additional 3,150,651 shares during the period. Alyeska Investment Group L.P. bought a new position in Gen Digital in the first quarter worth approximately $71,287,000. Arrowstreet Capital Limited Partnership grew its stake in Gen Digital by 82.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,497,501 shares of the company’s stock valued at $132,227,000 after acquiring an additional 2,035,925 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Gen Digital by 328.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company’s stock valued at $71,145,000 after acquiring an additional 1,855,504 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Chrystal purchased 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEN. Royal Bank Of Canada lowered 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. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Wall Street Zen raised shares of 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 research report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price for the company. Finally, Evercore ISI upped their target price on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.43.

Gen Digital Price Performance

GEN opened at $27.67 on Friday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 0.92 and a beta of 1.11. The firm’s fifty day moving average price is $26.68 and its two-hundred day moving average price is $28.62.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.20 billion. During the same period last year, the firm earned $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 and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

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

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.