20,197 Shares in Gen Digital Inc. $GEN Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. acquired a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,197 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Gen Digital during the 4th quarter worth $27,000. Weiss Asset Management LP bought a new stake in shares of Gen Digital in the first quarter valued at about $41,000. TD Private Client Wealth LLC raised its holdings in shares of Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Gen Digital by 221.5% in the first 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 bought a new position in Gen Digital during the 2nd quarter worth about $47,000. 81.38% of the stock is owned by institutional investors.

Insider Activity at Gen Digital

In related news, Director John C. Chrystal bought 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director directly owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Gen Digital Stock Performance

Shares of GEN stock opened at $27.45 on Friday. The business’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $23.26. The company has a market cap of $16.43 billion, a PE ratio of 17.37 and a beta of 1.21. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned $0.59 EPS. The business’s quarterly revenue 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. Analysts expect that Gen Digital Inc. will post 2.61 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio is 31.65%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GEN shares. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of Gen Digital in a research note on Thursday, July 16th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Argus raised Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.33.

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.