Wedge Capital Management L L P NC Boosts Stock Holdings in Gen Digital Inc. $GEN

Wedge Capital Management L L P NC grew its holdings in Gen Digital Inc. (NASDAQ:GEN) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,689 shares of the company’s stock after purchasing an additional 29,548 shares during the period. Wedge Capital Management L L P NC’s holdings in Gen Digital were worth $6,136,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Gen Digital by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after acquiring an additional 964,046 shares during the period. State Street Corp lifted its position in shares of Gen Digital by 3.4% during the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after acquiring an additional 1,015,755 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Gen Digital by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock worth $651,867,000 after acquiring an additional 487,393 shares during the period. First Trust Advisors LP boosted its holdings in shares of Gen Digital by 2.5% in the third quarter. First Trust Advisors LP now owns 16,301,095 shares of the company’s stock worth $462,788,000 after acquiring an additional 401,937 shares during the period. Finally, Boston Partners grew its position in shares of Gen Digital by 4.3% in the third quarter. Boston Partners now owns 13,689,577 shares of the company’s stock valued at $388,610,000 after purchasing an additional 565,836 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Stock Down 3.3%

GEN opened at $18.34 on Friday. The firm has a market capitalization of $11.11 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.61 and a beta of 1.11. Gen Digital Inc. has a one year low of $18.20 and a one year high of $32.22. The company has a fifty day moving average price of $22.69 and a 200-day moving average price of $25.60. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47.

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

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Analysts Set New Price Targets

A number of analysts recently issued reports on GEN shares. Wells Fargo & Company initiated coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective on the stock. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised Gen Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Barclays reduced their target price on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and a consensus target price of $32.71.

About Gen Digital

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.