Banque Cantonale Vaudoise Purchases 27,282 Shares of Gen Digital Inc. $GEN

Banque Cantonale Vaudoise increased its position in Gen Digital Inc. (NASDAQ:GEN) by 32.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 112,668 shares of the company’s stock after buying an additional 27,282 shares during the period. Banque Cantonale Vaudoise’s holdings in Gen Digital were worth $3,063,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Gen Digital by 2.4% in the 4th quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after buying an additional 387 shares during the period. Larson Financial Group LLC boosted its holdings in Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after buying an additional 390 shares during the period. Clearstead Advisors LLC boosted its holdings in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Gen Digital by 22.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after buying an additional 414 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in Gen Digital by 0.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock worth $2,222,000 after buying an additional 426 shares during the period. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Up 2.8%

Shares of NASDAQ:GEN opened at $25.00 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 3.07. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22. The company has a 50-day moving average price of $20.32 and a 200 day moving average price of $23.68. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 15.82 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, equities research analysts predict that Gen Digital Inc. will post 2.66 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

Wall Street Analysts Forecast Growth

GEN has been the subject of several recent analyst reports. Barclays upped their target price on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada increased their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Wells Fargo & Company started coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective for the company. Finally, Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.29.

Gen Digital Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.