Gen Digital Inc. $GEN Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its position in Gen Digital Inc. (NASDAQ:GEN) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,903,566 shares of the company’s stock after acquiring an additional 39,978 shares during the quarter. Bank of Montreal Can owned approximately 0.31% of Gen Digital worth $54,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEN. Legal & General Group Plc raised its holdings in shares of Gen Digital by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 8,751,060 shares of the company’s stock valued at $248,443,000 after purchasing an additional 166,703 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in Gen Digital by 18.2% in the third quarter. Banque Cantonale Vaudoise now owns 85,386 shares of the company’s stock valued at $2,424,000 after buying an additional 13,134 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Gen Digital by 10.1% in the third quarter. Russell Investments Group Ltd. now owns 488,117 shares of the company’s stock valued at $13,859,000 after buying an additional 44,665 shares during the last quarter. Schroder Investment Management Group raised its stake in Gen Digital by 17.3% in the third quarter. Schroder Investment Management Group now owns 1,146,855 shares of the company’s stock valued at $33,018,000 after buying an additional 168,789 shares in the last quarter. Finally, Inceptionr LLC raised its stake in Gen Digital by 158.1% in the third quarter. Inceptionr LLC now owns 54,734 shares of the company’s stock valued at $1,554,000 after buying an additional 33,531 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GEN shares. Barclays lowered their price objective on 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. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, Wells Fargo & Company started coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $32.71.

Gen Digital Stock Performance

Shares of GEN stock opened at $21.00 on Friday. The stock’s 50-day moving average is $24.05 and its two-hundred day moving average is $26.39. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. Gen Digital Inc. has a 1 year low of $20.93 and a 1 year high of $32.22. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.71 and a beta of 1.11.

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

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio 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.