Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in Gen Digital Inc. $GEN

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,399,357 shares of the company’s stock after buying an additional 37,597 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Gen Digital were worth $41,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC grew its stake in Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after buying an additional 381 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Gen Digital by 0.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company’s stock valued at $1,856,000 after purchasing an additional 427 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in Gen Digital by 5.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock valued at $248,000 after purchasing an additional 454 shares during the last quarter. Blue Trust Inc. grew its stake in Gen Digital by 3.0% during the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock valued at $456,000 after purchasing an additional 458 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in Gen Digital by 1.5% during the 1st quarter. Alps Advisors Inc. now owns 31,540 shares of the company’s stock valued at $837,000 after purchasing an additional 465 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GEN. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Evercore ISI began coverage on Gen Digital in a research note on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target on the stock. B. Riley began coverage on Gen Digital in a research note on Monday, July 14th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley boosted their price target on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.71.

Gen Digital Stock Performance

NASDAQ GEN opened at $26.84 on Tuesday. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 0.92 and a beta of 0.94. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a 50-day moving average of $28.72 and a 200 day moving average of $28.60.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion during 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%.Gen Digital’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were issued a dividend of $0.125 per share. 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 1.9%. Gen Digital’s dividend payout ratio is presently 51.55%.

Gen Digital Company 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.