Convergence Investment Partners LLC Has $1.25 Million Stock Position in Gen Digital Inc. $GEN

Convergence Investment Partners LLC trimmed its stake in Gen Digital Inc. (NASDAQ:GEN) by 50.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,442 shares of the company’s stock after selling 42,481 shares during the quarter. Convergence Investment Partners LLC’s holdings in Gen Digital were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GEN shares. Jefferies Financial Group started coverage on shares of Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target for the company. Morgan Stanley increased their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Evercore ISI assumed coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research report on Saturday. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Price Performance

Shares of GEN opened at $27.22 on Monday. The firm has a market cap of $16.76 billion, a PE ratio of 28.06, a PEG ratio of 0.92 and a beta of 0.94. The firm’s 50 day moving average price is $28.81 and its 200 day moving average price is $28.59. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is currently 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.