Gen Digital Inc. $GEN Stake Boosted by Legal & General Group Plc

Legal & General Group Plc lifted its position in Gen Digital Inc. (NASDAQ:GEN) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,751,060 shares of the company’s stock after buying an additional 166,703 shares during the quarter. Legal & General Group Plc’s holdings in Gen Digital were worth $248,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Banque Cantonale Vaudoise raised its holdings in Gen Digital by 18.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 85,386 shares of the company’s stock worth $2,424,000 after acquiring an additional 13,134 shares during the period. Russell Investments Group Ltd. boosted its holdings in Gen Digital by 10.1% during the third quarter. Russell Investments Group Ltd. now owns 488,117 shares of the company’s stock valued at $13,859,000 after acquiring an additional 44,665 shares during the period. Schroder Investment Management Group boosted its holdings in Gen Digital by 17.3% during the third quarter. Schroder Investment Management Group now owns 1,146,855 shares of the company’s stock valued at $33,018,000 after acquiring an additional 168,789 shares during the period. Inceptionr LLC grew its position in shares of Gen Digital by 158.1% in the third quarter. Inceptionr LLC now owns 54,734 shares of the company’s stock valued at $1,554,000 after purchasing an additional 33,531 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in shares of Gen Digital by 10.7% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 150,291 shares of the company’s stock valued at $4,267,000 after purchasing an additional 14,533 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Down 2.5%

Shares of GEN opened at $21.24 on Thursday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The company has a 50-day simple moving average of $24.17 and a 200-day simple moving average of $26.43. Gen Digital Inc. has a 52 week low of $21.06 and a 52 week high of $32.22. The firm has a market capitalization of $12.86 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.73 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. 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. On average, equities research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company 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. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Barclays lowered their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target for the company. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital has an average rating of “Hold” and a consensus target price of $32.71.

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.