Gen Digital Inc. $GEN Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Gen Digital Inc. (NASDAQ:GEN) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,683 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Gen Digital were worth $4,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEN. Vanguard Group Inc. increased its holdings in Gen Digital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock worth $2,050,150,000 after buying an additional 964,046 shares during the period. State Street Corp lifted its stake in Gen Digital by 1.2% during the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock valued at $868,566,000 after acquiring an additional 349,289 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Gen Digital by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock valued at $651,867,000 after acquiring an additional 487,393 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Gen Digital by 2.5% in the 3rd quarter. First Trust Advisors LP now owns 16,301,095 shares of the company’s stock valued at $462,788,000 after acquiring an additional 401,937 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Gen Digital by 4.3% in the third quarter. Boston Partners now owns 13,689,577 shares of the company’s stock worth $388,610,000 after acquiring an additional 565,836 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Price Performance

NASDAQ:GEN opened at $20.61 on Tuesday. 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 company has a 50 day moving average price of $23.83 and a 200-day moving average price of $26.19. Gen Digital Inc. has a 1-year low of $20.46 and a 1-year high of $32.22. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last announced its quarterly 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. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. 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 research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were paid a dividend of $0.125 per share. 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%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Jefferies Financial Group raised shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Barclays cut their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Wells Fargo & Company began coverage on Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Finally, Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.71.

Gen Digital 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.