Quartz Partners LLC Increases Holdings in Gen Digital Inc. $GEN

Quartz Partners LLC raised its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,510 shares of the company’s stock after acquiring an additional 31,111 shares during the quarter. Gen Digital makes up 1.5% of Quartz Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Quartz Partners LLC’s holdings in Gen Digital were worth $3,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Gen Digital during the 4th quarter worth approximately $27,000. TD Private Client Wealth LLC grew its holdings in shares of 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 purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $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 2nd quarter worth approximately $47,000. Finally, Brown Brothers Harriman & Co. grew its stake in Gen Digital by 47.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after buying an additional 568 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gen Digital

In other news, Director John C. Chrystal purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $27.06 per share, with a total value of $81,180.00. Following the purchase, the director directly owned 31,419 shares of the company’s stock, valued at $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Gen Digital stock opened at $27.01 on Friday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. The business has a fifty day moving average of $24.97 and a two-hundred day moving average of $23.25. The company has a market cap of $16.27 billion, a P/E ratio of 17.09 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. 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. As a group, analysts predict that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio is presently 31.65%.

Analyst Ratings Changes

GEN has been the subject of several research analyst reports. Argus raised Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $27.00 price objective on shares of Gen Digital in a research note on Thursday. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Barclays raised their price target on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.33.

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.