Todd Asset Management LLC Boosts Stock Position in Gen Digital Inc. $GEN

Todd Asset Management LLC lifted its position in Gen Digital Inc. (NASDAQ:GEN) by 33.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,548,083 shares of the company’s stock after purchasing an additional 388,423 shares during the quarter. Todd Asset Management LLC’s holdings in Gen Digital were worth $42,092,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company assumed coverage on Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. Finally, Barclays boosted their target price on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.29.

Gen Digital Stock Performance

NASDAQ GEN opened at $24.82 on Monday. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average of $20.45 and a 200-day moving average of $23.66. The firm has a market cap of $15.03 billion, a PE ratio of 15.71 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.Gen Digital’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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, sell-side analysts forecast that Gen Digital Inc. will post 2.66 EPS for the current year.

Gen Digital Announces Dividend

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

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.