Aurora Investment Counsel Buys Shares of 48,589 Gen Digital Inc. $GEN

Aurora Investment Counsel purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,589 shares of the company’s stock, valued at approximately $1,379,000.

A number of other large investors have also made changes to their positions in GEN. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Gen Digital by 9.9% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 193,595 shares of the company’s stock worth $5,496,000 after buying an additional 17,514 shares in the last quarter. Triodos Investment Management BV boosted its stake in shares of Gen Digital by 0.7% during the 3rd quarter. Triodos Investment Management BV now owns 1,424,538 shares of the company’s stock worth $40,428,000 after acquiring an additional 9,500 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Gen Digital in the 3rd quarter worth approximately $860,000. Convergence Financial LLC increased its stake in Gen Digital by 41.8% in the 3rd quarter. Convergence Financial LLC now owns 40,519 shares of the company’s stock valued at $1,150,000 after purchasing an additional 11,952 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Gen Digital during the third quarter worth $8,238,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

GEN has been the topic of several research reports. Evercore upped their target price on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Barclays reduced their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Finally, Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital currently has a consensus rating of “Hold” and an average target price of $35.29.

Insider Buying and Selling

In related news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of 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 SEC, which can be accessed through the SEC website. Insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Gen Digital stock opened at $22.35 on Friday. The stock has a market capitalization of $13.54 billion, a P/E ratio of 23.04, a P/E/G ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a 12-month low of $22.08 and a 12-month high of $32.22. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The firm’s 50-day moving average is $25.56 and its two-hundred day moving average is $27.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s payout ratio is currently 51.55%.

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.