Vise Technologies Inc. Acquires Shares of 64,308 Gen Digital Inc. $GEN

Vise Technologies Inc. bought a new position in Gen Digital Inc. (NASDAQ:GEN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 64,308 shares of the company’s stock, valued at approximately $1,891,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GEN. Vanguard Group Inc. boosted its holdings 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 valued at $1,849,593,000 after purchasing an additional 2,513,464 shares during the period. Ameriprise Financial Inc. increased its holdings in Gen Digital by 3.8% during the 1st 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 during the period. Boston Partners raised its position in Gen Digital by 37.3% during the 1st quarter. Boston Partners now owns 13,358,167 shares of the company’s stock valued at $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 holdings in shares of Gen Digital by 43.6% in the 1st 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 buying an additional 3,724,211 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Gen Digital in the 1st quarter worth $299,562,000. Institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Up 3.0%

NASDAQ GEN opened at $27.14 on Wednesday. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a 50 day moving average price of $27.70 and a 200 day moving average price of $28.76. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm has a market cap 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.

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

Gen Digital Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on GEN. Barclays raised their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Jefferies Financial Group started coverage on shares of Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Evercore ISI upped their price target on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Morgan Stanley increased their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital 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.