Contravisory Investment Management Inc. Makes New $962,000 Investment in Gen Digital Inc. $GEN

Contravisory Investment Management Inc. bought a new position in Gen Digital Inc. (NASDAQ:GEN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,881 shares of the company’s stock, valued at approximately $962,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Gen Digital in the 2nd quarter valued at approximately $32,000. CYBER HORNET ETFs LLC purchased a new position in shares of Gen Digital in the second quarter worth $44,000. MUFG Securities EMEA plc bought a new position in shares of Gen Digital during the second quarter valued at $47,000. Geneos Wealth Management Inc. lifted its holdings in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares in the last quarter. Finally, Rise Advisors LLC boosted its position in shares of Gen Digital by 19.2% during 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. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Performance

Shares of GEN opened at $27.69 on Friday. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. 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 stock has a market cap of $17.08 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 0.93 and a beta of 1.11. The business has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $28.61.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm’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 and its Q3 2026 guidance at 0.620-0.64 EPS. On average, analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were given 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%.

Analyst Upgrades and Downgrades

GEN has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Royal Bank Of Canada dropped 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 report on Friday, November 7th. Evercore ISI boosted their target price on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gen Digital has an average rating of “Hold” and an average target price of $35.43.

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 on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the transaction, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost 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 of the company’s stock, valued at $771,291.66. This represents a 21.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by insiders.

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.