Geode Capital Management LLC Boosts Stock Position in Gen Digital Inc. $GEN

Geode Capital Management LLC raised its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,253,089 shares of the company’s stock after buying an additional 101,791 shares during the period. Geode Capital Management LLC’s holdings in Gen Digital were worth $449,507,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Gen Digital during the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its holdings in 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 purchasing an additional 1,183 shares during the last quarter. Rise Advisors LLC grew its holdings in 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 purchasing an additional 381 shares during the last quarter. Capital Analysts LLC acquired a new position in shares of Gen Digital during the first quarter worth $85,000. Finally, Allworth Financial LP lifted its holdings in shares of Gen Digital by 136.1% during the 2nd quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after purchasing an additional 3,040 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GEN has been the topic of several research analyst reports. Evercore ISI boosted their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Morgan Stanley raised their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Barclays increased their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group initiated coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.43.

Insider Transactions at Gen Digital

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the transaction, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is owned by corporate insiders.

Gen Digital Trading Down 0.1%

Shares of NASDAQ:GEN opened at $26.70 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 0.87 and a beta of 0.94. The business has a 50-day moving average price of $27.54 and a 200-day moving average price of $28.76.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Gen Digital’s quarterly 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. Equities analysts predict 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. Investors of record on Monday, November 17th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

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.