Gen Digital Inc. $GEN Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 35.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,031,771 shares of the company’s stock after acquiring an additional 531,174 shares during the quarter. Gotham Asset Management LLC’s holdings in Gen Digital were worth $55,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock valued at $1,993,302,000 after acquiring an additional 1,096,313 shares during the last quarter. State Street Corp increased its stake in shares of Gen Digital by 3.4% during the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after acquiring an additional 1,015,755 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Gen Digital by 2.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock valued at $651,867,000 after acquiring an additional 487,393 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Gen Digital by 22.3% during the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock valued at $542,211,000 after acquiring an additional 3,640,451 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Gen Digital by 14.3% during the 4th quarter. Boston Partners now owns 15,644,289 shares of the company’s stock valued at $425,336,000 after acquiring an additional 1,954,712 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Down 2.6%

Shares of NASDAQ:GEN opened at $23.92 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. The stock has a market capitalization of $14.41 billion, a P/E ratio of 15.14 and a beta of 1.21. The stock has a 50-day simple moving average of $22.44 and a 200-day simple moving average of $23.54.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. Gen Digital’s payout ratio is presently 31.65%.

Insider Transactions at Gen Digital

In other news, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Chrystal bought 3,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director directly owned 31,419 shares in the company, valued at approximately $850,198.14. This trade represents a 10.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GEN has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective for the company. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Argus raised shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital has an average rating of “Hold” and a consensus price target 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.