JPMorgan Chase & Co. Has $118.15 Million Position in Gen Digital Inc. $GEN

JPMorgan Chase & Co. raised its holdings in Gen Digital Inc. (NASDAQ:GEN) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,161,490 shares of the company’s stock after acquiring an additional 293,029 shares during the quarter. JPMorgan Chase & Co. owned about 0.67% of Gen Digital worth $118,148,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Spire Wealth Management boosted its holdings in Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Gen Digital during the second quarter valued at about $32,000. True Wealth Design LLC lifted its position in shares of Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after buying an additional 529 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Gen Digital during the 2nd quarter worth about $44,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Gen Digital during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEN shares. Evercore boosted their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada dropped their price target 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. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and an average target price of $35.29.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction that occurred 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 owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is owned by corporate insiders.

Gen Digital Stock Up 0.0%

GEN opened at $22.35 on Monday. The business has a 50 day moving average of $25.56 and a 200-day moving average of $27.21. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 0.74 and a beta of 1.09. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. Gen Digital Inc. has a 1-year low of $22.08 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Gen Digital’s 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. As a group, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Gen Digital’s dividend payout ratio (DPR) is 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.