United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Position in Gen Digital Inc. $GEN

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 334,164 shares of the company’s stock, valued at approximately $9,086,000.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Gen Digital during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC grew its holdings in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Gen Digital during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada upped their target price on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wells Fargo & Company assumed coverage on Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

Gen Digital Stock Performance

GEN stock opened at $24.55 on Friday. The stock has a market capitalization of $14.79 billion, a PE ratio of 15.54 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 company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The stock’s 50 day simple moving average is $20.76 and its 200 day simple moving average is $23.63.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. 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, research analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 annualized dividend and a 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.