Arbejdsmarkedets Tillaegspension Invests $23.30 Million in Gen Digital Inc. $GEN

Arbejdsmarkedets Tillaegspension bought a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) in the 4th quarter, Holdings Channel.com reports. The firm bought 856,999 shares of the company’s stock, valued at approximately $23,302,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of Gen Digital during the 4th quarter worth $27,000. Clearstead Advisors LLC raised its holdings in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. raised its holdings in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the period. MUFG Securities EMEA plc purchased a new position in Gen Digital during the second quarter valued at $47,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Gen Digital by 47.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after purchasing an additional 568 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Barclays upped their price objective on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.29.

Gen Digital Price Performance

Shares of GEN stock opened at $23.45 on Friday. The stock’s 50-day moving average is $20.20 and its 200 day moving average is $23.74. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.47. The company has a market cap of $14.20 billion, a P/E ratio of 14.84 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Gen Digital’s revenue was up 27.0% compared to the same quarter last year. 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. Research analysts predict that Gen Digital Inc. will post 2.66 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

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.