Vanguard Group Inc. Has $1.99 Billion Stock Holdings in Gen Digital Inc. $GEN

Vanguard Group Inc. lifted its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,310,110 shares of the company’s stock after purchasing an additional 1,096,313 shares during the period. Vanguard Group Inc. owned 0.12% of Gen Digital worth $1,993,302,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GEN. Arrowstreet Capital Limited Partnership increased its stake in shares of Gen Digital by 46.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,600,836 shares of the company’s stock worth $187,398,000 after purchasing an additional 2,103,335 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after purchasing an additional 1,406,869 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Gen Digital by 72.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,786,250 shares of the company’s stock worth $79,102,000 after purchasing an additional 1,174,048 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Gen Digital during the 2nd quarter worth about $30,220,000. Finally, State Street Corp increased its stake in shares of Gen Digital by 3.4% during the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after purchasing an additional 1,015,755 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective on the stock. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays decreased their price target on shares of Gen Digital from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.86.

Gen Digital Stock Performance

NASDAQ GEN opened at $19.14 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The company has a market capitalization of $11.59 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.54 and a beta of 1.15. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22. The firm has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $24.11.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Analysts anticipate that Gen Digital Inc. will post 2.3 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

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.