Gen Digital Inc. $GEN Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its stake in Gen Digital Inc. (NASDAQ:GEN) by 132.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,943 shares of the company’s stock after purchasing an additional 42,657 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Gen Digital were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEN. International Assets Investment Management LLC purchased a new stake in Gen Digital during the 4th quarter worth about $27,000. TD Private Client Wealth LLC raised its position in Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after purchasing an additional 611 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake 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 buying an additional 1,183 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Gen Digital in the 2nd quarter valued at about $47,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Gen Digital by 47.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after buying an additional 568 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Trading Down 2.1%

GEN opened at $26.11 on Wednesday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22. The company has a market cap of $15.73 billion, a P/E ratio of 16.53 and a beta of 1.21. 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’s 50-day simple moving average is $25.22 and its 200-day simple moving average is $23.23.

Gen Digital (NASDAQ:GEN) last issued 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. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the company earned $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, equities research analysts expect that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Insider Activity at Gen Digital

In related news, Director John C. Chrystal acquired 3,000 shares of Gen Digital stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the transaction, the director owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GEN. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 target price on shares of Gen Digital in a research note on Thursday, July 16th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.33.

Gen Digital 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.