Concurrent Investment Advisors LLC Invests $961,000 in Gen Digital Inc. $GEN

Concurrent Investment Advisors LLC purchased a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 35,344 shares of the company’s stock, valued at approximately $961,000.

A number of other hedge funds also recently added to or reduced their stakes in GEN. Vanguard Group Inc. grew its holdings in Gen Digital by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock worth $2,050,150,000 after acquiring an additional 964,046 shares in the last quarter. State Street Corp raised its holdings in shares of Gen Digital by 3.4% in the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after purchasing an additional 1,015,755 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Gen Digital by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock worth $651,867,000 after purchasing an additional 487,393 shares during the period. First Trust Advisors LP boosted its stake in shares of Gen Digital by 2.5% during the third quarter. First Trust Advisors LP now owns 16,301,095 shares of the company’s stock valued at $462,788,000 after purchasing an additional 401,937 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Gen Digital by 4.3% during the third quarter. Boston Partners now owns 13,689,577 shares of the company’s stock valued at $388,610,000 after purchasing an additional 565,836 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GEN shares. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wells Fargo & Company assumed coverage on Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. Barclays reduced their price target on Gen Digital from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.86.

Gen Digital Stock Performance

Shares of GEN opened at $19.38 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The firm has a market cap of $11.73 billion, a PE ratio of 19.97, a P/E/G ratio of 0.55 and a beta of 1.10. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22. The stock has a fifty day moving average price of $20.28 and a 200-day moving average price of $24.08.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Equities research analysts predict that Gen Digital Inc. will post 2.3 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Gen Digital’s dividend payout ratio is 51.55%.

Gen Digital Company 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.