Gen Digital Inc. $GEN Shares Bought by LSV Asset Management

LSV Asset Management boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,733,616 shares of the company’s stock after acquiring an additional 189,100 shares during the period. LSV Asset Management owned about 1.42% of Gen Digital worth $237,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEN. International Assets Investment Management LLC acquired a new position in Gen Digital during the fourth quarter worth about $27,000. Clearstead Advisors LLC raised its position in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the last quarter. TD Private Client Wealth LLC raised its position in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Gen Digital by 221.5% during 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 last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Gen Digital during the second quarter worth about $47,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays lifted their price target on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.29.

Gen Digital Price Performance

Gen Digital stock opened at $24.82 on Friday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. The firm has a 50 day moving average price of $20.45 and a 200 day moving average price of $23.68. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 15.71 and a beta of 1.10. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.47 and a current ratio of 0.40.

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

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, May 18th. Gen Digital’s payout ratio 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.