Sound Income Strategies LLC Acquires 194,056 Shares of Gen Digital Inc. $GEN

Sound Income Strategies LLC increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 38,275.3% during the fourth quarter, HoldingsChannel reports. The firm owned 194,563 shares of the company’s stock after buying an additional 194,056 shares during the period. Sound Income Strategies LLC’s holdings in Gen Digital were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC raised its stake in Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the last quarter. Spire Wealth Management raised its stake in Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after buying an additional 994 shares during the last quarter. Clearstead Advisors LLC raised its stake in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Gen Digital during the 2nd quarter valued at $44,000. Finally, Geneos Wealth Management Inc. raised its stake in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GEN shares. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group upgraded shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company started coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital has a consensus rating of “Hold” and an average price target of $32.71.

Gen Digital Trading Up 2.5%

Shares of Gen Digital stock opened at $19.37 on Tuesday. The company has a market capitalization of $11.73 billion, a P/E ratio of 19.97, a P/E/G ratio of 0.54 and a beta of 1.15. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The company has a fifty day moving average of $21.90 and a 200 day moving average of $25.15. Gen Digital Inc. has a fifty-two week low of $18.20 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. Gen Digital’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. 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. On average, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 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, March 11th. Shareholders of record on Monday, February 16th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio is 51.55%.

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.