Leonteq Securities AG Buys New Holdings in Gen Digital Inc. $GEN

Leonteq Securities AG bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,728 shares of the company’s stock, valued at approximately $1,080,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in shares of Gen Digital by 38,275.3% during the 4th quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock worth $5,078,000 after buying an additional 194,056 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 964,046 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Gen Digital during the 3rd quarter worth about $8,238,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Gen Digital by 525.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,826 shares of the company’s stock worth $2,380,000 after buying an additional 70,424 shares during the period. Finally, LBP AM SA boosted its holdings in shares of Gen Digital by 63.7% during the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock worth $20,074,000 after buying an additional 287,369 shares during the period. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Performance

NASDAQ GEN opened at $24.85 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $15.05 billion, a P/E ratio of 15.73 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 firm has a 50-day moving average price of $20.38 and a two-hundred day moving average price of $23.67.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. 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. Analysts anticipate that Gen Digital Inc. will post 2.66 earnings per share for the current year.

Gen Digital Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on GEN shares. 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 target price for the company. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada boosted 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. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.