Andra AP fonden Buys 177,300 Shares of Gen Digital Inc. $GEN

Andra AP fonden grew its stake in Gen Digital Inc. (NASDAQ:GEN) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459,600 shares of the company’s stock after acquiring an additional 177,300 shares during the period. Andra AP fonden owned 0.24% of Gen Digital worth $41,438,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aviva PLC lifted its holdings in shares of Gen Digital by 6.6% in the 2nd quarter. Aviva PLC now owns 407,156 shares of the company’s stock worth $11,970,000 after buying an additional 25,315 shares during the period. Schroder Investment Management Group raised its holdings in shares of Gen Digital by 48.1% in the second quarter. Schroder Investment Management Group now owns 978,066 shares of the company’s stock valued at $28,755,000 after acquiring an additional 317,468 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Gen Digital by 1.4% in the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after acquiring an additional 964,046 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Gen Digital in the second quarter worth about $394,000. Finally, Mackenzie Financial Corp grew its holdings in Gen Digital by 39.4% during the 2nd quarter. Mackenzie Financial Corp now owns 359,142 shares of the company’s stock worth $10,559,000 after acquiring an additional 101,580 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Up 2.3%

NASDAQ:GEN opened at $22.80 on Friday. The company has a market cap of $13.81 billion, a PE ratio of 23.51, a P/E/G ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a twelve month low of $21.33 and a twelve month high of $32.22. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The company’s 50 day moving average is $25.12 and its two-hundred day moving average is $27.04.

Gen Digital (NASDAQ:GEN) last posted 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company 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. Analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

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 issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s dividend payout ratio is currently 51.55%.

Insider Activity

In other news, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction dated 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 directly owned 3,932,980 shares in the company, 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 document filed with the SEC, which is available through the SEC website. 9.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GEN shares. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Zacks Research raised 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 Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Royal Bank Of Canada cut their price target 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. Finally, Barclays decreased their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.