Blue Trust Inc. Buys 458 Shares of Gen Digital Inc. $GEN

Blue Trust Inc. lifted its stake in Gen Digital Inc. (NASDAQ:GEN) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,501 shares of the company’s stock after acquiring an additional 458 shares during the quarter. Blue Trust Inc.’s holdings in Gen Digital were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Gen Digital by 15.1% during the 1st quarter. GAMMA Investing LLC now owns 12,139 shares of the company’s stock valued at $322,000 after buying an additional 1,593 shares during the period. SG Americas Securities LLC boosted its position in Gen Digital by 149.4% in the first quarter. SG Americas Securities LLC now owns 39,119 shares of the company’s stock worth $1,038,000 after purchasing an additional 23,433 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Gen Digital during the 1st quarter valued at about $388,000. Fifth Third Bancorp increased its position in shares of Gen Digital by 23.4% during the 1st quarter. Fifth Third Bancorp now owns 12,453 shares of the company’s stock valued at $331,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its stake in shares of Gen Digital by 7.1% in the 1st quarter. Everhart Financial Group Inc. now owns 14,807 shares of the company’s stock worth $393,000 after purchasing an additional 985 shares during the period. Institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

GEN has been the subject of a number of research reports. Evercore ISI initiated coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 target price for the company. Barclays lifted their target price on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday. Royal Bank Of Canada lifted their price objective on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Finally, B. Riley started coverage on shares of Gen Digital in a report on Monday, July 14th. They issued a “buy” rating and a $46.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Down 1.9%

Shares of GEN stock opened at $26.52 on Monday. The company’s fifty day simple moving average is $29.48 and its two-hundred day simple moving average is $28.48. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The stock has a market cap of $16.33 billion, a P/E ratio of 27.34, a PEG ratio of 0.89 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business’s revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.