Ellis Investment Partners LLC Acquires 580 Shares of Gen Digital Inc. $GEN

Ellis Investment Partners LLC raised its holdings in Gen Digital Inc. (NASDAQ:GEN) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 40,226 shares of the company’s stock after buying an additional 580 shares during the period. Ellis Investment Partners LLC’s holdings in Gen Digital were worth $1,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Gen Digital by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock worth $1,849,593,000 after buying an additional 2,513,464 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Gen Digital by 3.8% during the 1st quarter. Ameriprise Financial Inc. now owns 21,067,048 shares of the company’s stock worth $559,126,000 after buying an additional 768,652 shares in the last quarter. Boston Partners grew its position in shares of Gen Digital by 37.3% during the 1st quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after buying an additional 3,631,052 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Gen Digital by 43.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after buying an additional 3,724,211 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Gen Digital during the 1st quarter worth $299,562,000. Institutional investors own 81.38% of the company’s stock.

Gen Digital Price Performance

Shares of GEN stock opened at $26.52 on Monday. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The stock’s 50-day moving average is $29.48 and its 200 day moving average is $28.48. The company 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 debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

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

Gen Digital Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GEN. Morgan Stanley increased their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. B. Riley began coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 price target on the stock. Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the stock 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 report on Sunday. Finally, Jefferies Financial Group started coverage on Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.71.

Gen Digital Profile

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.