CSM Advisors LLC Acquires New Stake in Gen Digital Inc. $GEN

CSM Advisors LLC bought a new position in Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,585 shares of the company’s stock, valued at approximately $370,000.

A number of other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of Gen Digital in the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its position in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the period. Rise Advisors LLC increased its holdings in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares during the last quarter. Capital Analysts LLC purchased a new stake in Gen Digital during the first quarter valued at approximately $85,000. Finally, Assetmark Inc. raised its position in Gen Digital by 29.5% in the second quarter. Assetmark Inc. now owns 5,494 shares of the company’s stock worth $162,000 after acquiring an additional 1,251 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Trading Up 3.0%

Shares of GEN stock opened at $27.14 on Wednesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The stock has a fifty day simple moving average of $27.70 and a two-hundred day simple moving average of $28.76. The firm has a market capitalization of $16.71 billion, a PE ratio of 27.98, a PEG ratio of 0.87 and a beta of 0.94. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. On average, analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 17th. Gen Digital’s dividend payout ratio is presently 54.35%.

Wall Street Analyst Weigh In

GEN has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Morgan Stanley lifted their target price on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company upped their price target on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” 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, October 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. One equities 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.43.

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.