LSV Asset Management Grows Position in Gen Digital Inc. $GEN

LSV Asset Management boosted its stake in Gen Digital Inc. (NASDAQ:GEN) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,733,616 shares of the company’s stock after acquiring an additional 189,100 shares during the quarter. LSV Asset Management’s holdings in Gen Digital were worth $237,467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Gen Digital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock valued at $1,993,302,000 after purchasing an additional 1,096,313 shares during the period. State Street Corp grew its stake in Gen Digital by 3.4% during the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after buying an additional 1,015,755 shares during the period. Ameriprise Financial Inc. increased its position in shares of Gen Digital by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock worth $651,867,000 after acquiring an additional 487,393 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Gen Digital by 2.5% in the 3rd quarter. First Trust Advisors LP now owns 16,301,095 shares of the company’s stock valued at $462,788,000 after acquiring an additional 401,937 shares during the period. Finally, Boston Partners raised its stake in shares of Gen Digital by 4.3% in the 3rd quarter. Boston Partners now owns 13,689,577 shares of the company’s stock valued at $388,610,000 after acquiring an additional 565,836 shares during the period. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Gen Digital Price Performance

Shares of GEN stock opened at $24.82 on Friday. The company has a market capitalization of $15.03 billion, a PE ratio of 15.71 and a beta of 1.10. The firm has a fifty day simple moving average of $20.45 and a 200-day simple moving average of $23.68. 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 twelve month low of $17.78 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. 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. Equities research analysts anticipate that Gen Digital Inc. will post 2.66 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

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.