AXQ Capital LP Takes Position in Gen Digital Inc. $GEN

AXQ Capital LP acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 4th quarter, Holdings Channel reports. The firm acquired 31,635 shares of the company’s stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of Gen Digital during the 4th quarter valued at approximately $27,000. Clearstead Advisors LLC grew its position in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the period. TD Private Client Wealth LLC grew its position in shares of Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Gen Digital during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Down 0.8%

GEN opened at $27.53 on Wednesday. The company has a 50 day moving average of $21.01 and a 200 day moving average of $23.63. The company has a market cap of $16.58 billion, a PE ratio of 17.42 and a beta of 1.21. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly 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. On average, sell-side analysts expect that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. Barclays raised their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Argus raised shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has an average rating of “Hold” and a consensus price target of $31.29.

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.