CenterBook Partners LP Grows Stake in Gen Digital Inc. $GEN

CenterBook Partners LP grew its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 149.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,534 shares of the company’s stock after acquiring an additional 27,902 shares during the period. CenterBook Partners LP’s holdings in Gen Digital were worth $1,321,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.30% of the company’s stock.

Gen Digital Stock Up 0.0%

Shares of NASDAQ:GEN opened at $22.35 on Friday. The stock has a market capitalization of $13.54 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09. The stock’s 50-day moving average price is $25.56 and its 200-day moving average price is $27.23. 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 12-month low of $22.08 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share 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 analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter 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. On average, equities 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. Shareholders of record on Monday, February 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.2%. Gen Digital’s payout ratio is 51.55%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GEN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Evercore boosted their target price on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada dropped their target price on 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. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Finally, Barclays decreased their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.29.

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.