Vise Technologies Inc. Buys New Stake in Gen Digital Inc. $GEN

Vise Technologies Inc. purchased a new stake in Gen Digital Inc. (NASDAQ:GEN) during the second quarter, according to its most recent filing with the SEC. The fund purchased 64,308 shares of the company’s stock, valued at approximately $1,891,000.

Several other hedge funds have also bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Gen Digital during the second quarter valued at about $32,000. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 1,183 shares in the last quarter. Rise Advisors LLC boosted its stake in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares during the last quarter. Capital Analysts LLC purchased a new position in Gen Digital during the 1st quarter valued at approximately $85,000. Finally, Allworth Financial LP grew its holdings in Gen Digital by 136.1% during the 2nd quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after buying an additional 3,040 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GEN shares. Jefferies Financial Group initiated coverage on Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Royal Bank Of Canada dropped their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley boosted their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $27.14 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 0.87 and a beta of 0.94. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The firm’s 50-day moving average is $27.70 and its 200 day moving average is $28.76.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio is 54.35%.

Gen Digital Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.