Railway Pension Investments Ltd Boosts Stake in Gen Digital Inc. $GEN

Railway Pension Investments Ltd raised its position in Gen Digital Inc. (NASDAQ:GEN) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 665,100 shares of the company’s stock after purchasing an additional 23,000 shares during the quarter. Railway Pension Investments Ltd owned 0.11% of Gen Digital worth $18,882,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vident Advisory LLC purchased a new stake in shares of Gen Digital in the first quarter worth approximately $384,000. Baird Financial Group Inc. increased its stake in Gen Digital by 3.4% in the first quarter. Baird Financial Group Inc. now owns 79,431 shares of the company’s stock worth $2,108,000 after purchasing an additional 2,620 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Gen Digital by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 78,092 shares of the company’s stock worth $2,073,000 after purchasing an additional 26,571 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Gen Digital by 0.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after purchasing an additional 427 shares during the period. Finally, Rise Advisors LLC boosted its stake 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 purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Activity

In other news, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the transaction, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’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 transaction of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of GEN opened at $26.07 on Monday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50 day moving average price of $26.81 and a 200-day moving average price of $28.44. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The stock has a market capitalization of $16.08 billion, a PE ratio of 28.34, a PEG ratio of 0.87 and a beta of 1.09.

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

Gen Digital Announces Dividend

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

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Jefferies Financial Group initiated coverage on Gen Digital in a report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Evercore ISI lifted their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gen Digital currently has an average rating of “Hold” and an average price target of $35.43.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.