Cullen Frost Bankers Inc. Takes Position in Gen Digital Inc. $GEN

Cullen Frost Bankers Inc. acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,100 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also modified their holdings of GEN. Catalyst Capital Advisors LLC lifted its holdings in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after purchasing an additional 854 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares in the last quarter. Tsfg LLC bought a new position in Gen Digital during the 1st quarter worth about $52,000. Rise Advisors LLC increased its holdings in Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after purchasing an additional 381 shares in the last quarter. Finally, Capital Analysts LLC bought a new position in Gen Digital during the 1st quarter worth about $85,000. Institutional investors own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GEN shares. Barclays increased their target price on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Evercore ISI assumed coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 target price on the stock. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price on the stock. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Royal Bank Of Canada lifted their target price on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Up 0.1%

NASDAQ:GEN opened at $27.22 on Monday. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.94. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The stock’s 50 day moving average price is $28.81 and its two-hundred day moving average price is $28.59. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital’s payout ratio is 51.55%.

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.