Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Gen Digital Inc. $GEN

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,030,931 shares of the company’s stock after purchasing an additional 44,072 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Gen Digital worth $30,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. Cullen Frost Bankers Inc. purchased a new position in Gen Digital in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. lifted 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 in the last quarter. Rise Advisors LLC lifted 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 in the last quarter. Capital Analysts LLC purchased a new position in Gen Digital in the first quarter valued at about $85,000. Finally, Assetmark Inc. grew its stake in Gen Digital by 29.5% during the 2nd quarter. Assetmark Inc. now owns 5,494 shares of the company’s stock valued at $162,000 after purchasing an additional 1,251 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GEN has been the topic of a number of recent analyst reports. Morgan Stanley upped 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. Evercore ISI upped their price target on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Barclays raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Finally, Jefferies Financial Group began coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.43.

Gen Digital Stock Performance

Shares of GEN opened at $27.14 on Wednesday. The stock has a market capitalization of $16.71 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The business’s fifty day moving average price is $27.70 and its 200 day moving average price is $28.76. 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 Inc. has a 12-month low of $22.74 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Equities research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

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

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.