Canada Post Corp Registered Pension Plan Sells 36,816 Shares of Gen Digital Inc. $GEN

Canada Post Corp Registered Pension Plan lessened its holdings in Gen Digital Inc. (NASDAQ:GEN) by 73.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,028 shares of the company’s stock after selling 36,816 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Gen Digital were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GEN. Goldman Sachs Group Inc. lifted its position in shares of Gen Digital by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after purchasing an additional 28,522 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Gen Digital during the first quarter worth $205,000. Woodline Partners LP raised its position in Gen Digital by 37.8% during the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after acquiring an additional 7,562 shares in the last quarter. Focus Partners Wealth raised its position in Gen Digital by 9.7% during the first quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after acquiring an additional 1,980 shares in the last quarter. Finally, 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 in the last quarter. Institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GEN shares. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Barclays upped their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.29.

Gen Digital Trading Down 0.1%

GEN opened at $24.32 on Wednesday. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $32.22. The company has a 50-day simple moving average of $20.27 and a 200 day simple moving average of $23.69. The company has a quick ratio of 0.47, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 15.39 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $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. Analysts predict that Gen Digital Inc. will post 2.66 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. Gen Digital’s dividend payout ratio is 31.65%.

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.