Schroder Investment Management Group Raises Stock Position in Gen Digital Inc. $GEN

Schroder Investment Management Group boosted its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 48.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 978,066 shares of the company's stock after acquiring an additional 317,468 shares during the period. Schroder Investment Management Group owned about 0.16% of Gen Digital worth $28,755,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds have also modified their holdings of the company. Choreo LLC raised its position in shares of Gen Digital by 3.2% during the 2nd quarter. Choreo LLC now owns 10,116 shares of the company's stock worth $297,000 after purchasing an additional 315 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after acquiring an additional 381 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Gen Digital by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company's stock valued at $1,856,000 after acquiring an additional 427 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in shares of Gen Digital by 5.7% in the second quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company's stock worth $248,000 after acquiring an additional 454 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Gen Digital by 3.0% in the second quarter. Blue Trust Inc. now owns 15,501 shares of the company's stock worth $456,000 after acquiring an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Insider Activity at Gen Digital

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the business's stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director directly owned 28,419 shares in the company, valued at $771,291.66. The trade was a 21.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.30% of the company's stock.

Wall Street Analysts Forecast Growth

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Several research analysts recently commented on GEN shares. Barclays increased their price objective on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gen Digital in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of Gen Digital from $33.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Friday, November 7th. Wells Fargo & Company upped their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group initiated coverage on shares of Gen Digital in a report on Friday, October 3rd. They issued a "hold" rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.43.

Get Our Latest Report on GEN

Gen Digital Trading Down 0.1%

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Shares of GEN stock opened at $26.25 on Wednesday. The company's 50-day moving average price is $26.87 and its 200-day moving average price is $28.66. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.87 and a beta of 1.11. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business earned $0.54 earnings per share. Gen Digital's revenue was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital's payout ratio is presently 54.35%.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.

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