Los Angeles Capital Management LLC Purchases 690,739 Shares of Gen Digital Inc. $GEN

Los Angeles Capital Management LLC raised its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 227.0% during the second quarter, HoldingsChannel reports. The firm owned 995,017 shares of the company’s stock after purchasing an additional 690,739 shares during the period. Los Angeles Capital Management LLC’s holdings in Gen Digital were worth $29,254,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GEN. Vanguard Group Inc. increased its holdings in Gen Digital by 3.7% during the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock valued at $1,849,593,000 after buying an additional 2,513,464 shares during the period. Ameriprise Financial Inc. boosted its position in Gen Digital by 3.8% during the 1st quarter. Ameriprise Financial Inc. now owns 21,067,048 shares of the company’s stock valued at $559,126,000 after acquiring an additional 768,652 shares in the last quarter. Boston Partners increased its holdings in shares of Gen Digital by 37.3% in the 1st quarter. Boston Partners now owns 13,358,167 shares of the company’s stock valued at $354,456,000 after acquiring an additional 3,631,052 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 acquiring an additional 3,724,211 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Gen Digital during the 1st quarter worth $299,562,000. Institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company increased their price target 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. Jefferies Financial Group began 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 for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada decreased their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.43.

Gen Digital Trading Up 1.3%

NASDAQ GEN opened at $25.77 on Friday. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company’s 50 day moving average price is $27.82 and its 200 day moving average price is $28.71.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s quarterly 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. On average, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 1.9%. Gen Digital’s payout ratio is 54.35%.

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.