Cornerstone Wealth Group LLC Buys 1,503 Shares of Gen Digital Inc. $GEN

Cornerstone Wealth Group LLC raised its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 10.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 15,706 shares of the company’s stock after purchasing an additional 1,503 shares during the period. Cornerstone Wealth Group LLC’s holdings in Gen Digital were worth $462,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC boosted its stake in shares of Gen Digital by 117.6% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock worth $42,000 after acquiring an additional 854 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. Tsfg LLC bought a new position in shares of Gen Digital in the first quarter worth about $52,000. Rise Advisors LLC boosted its stake in shares of Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares during the period. Finally, Capital Analysts LLC bought a new position in shares of Gen Digital in the first quarter worth about $85,000. Institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GEN. Royal Bank Of Canada upped their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Morgan Stanley upped their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Price Performance

NASDAQ:GEN opened at $26.83 on Wednesday. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 0.90 and a beta of 0.94. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The business has a 50 day simple moving average of $29.40 and a 200-day simple moving average of $28.47. 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current 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.