Cozad Asset Management Inc. Acquires 84,945 Shares of Gen Digital Inc. $GEN

Cozad Asset Management Inc. increased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 27.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 399,845 shares of the company’s stock after buying an additional 84,945 shares during the quarter. Gen Digital comprises approximately 0.9% of Cozad Asset Management Inc.’s portfolio, making the stock its 28th biggest position. Cozad Asset Management Inc. owned about 0.06% of Gen Digital worth $11,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GEN. Spire Wealth Management grew its stake in shares of 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 acquiring an additional 994 shares during the period. True Wealth Design LLC boosted its holdings in 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 purchasing an additional 529 shares during the last quarter. Clearstead Advisors LLC grew its position in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Gen Digital in the 2nd quarter worth approximately $44,000. Finally, MUFG Securities EMEA plc purchased a new stake in Gen Digital during the 2nd quarter valued at $47,000. Institutional investors 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 Gen Digital 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 transaction, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GEN. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. 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 report on Friday, November 7th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note 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 for the company in a research report on Friday, February 6th. Finally, Evercore raised their price objective 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.29.

Gen Digital Stock Up 1.4%

NASDAQ GEN opened at $21.95 on Wednesday. Gen Digital Inc. has a 52 week low of $21.33 and a 52 week high of $32.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The company has a market capitalization of $13.29 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.09. The stock’s 50-day moving average price is $25.33 and its 200-day moving average price is $27.10.

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 analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue was up 25.8% on a year-over-year basis. 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. On average, equities research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company 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 dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

About Gen Digital

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.