Caisse DE Depot ET Placement DU Quebec Has $13.29 Million Stock Holdings in Gen Digital Inc. $GEN

Caisse DE Depot ET Placement DU Quebec lessened its position in Gen Digital Inc. (NASDAQ:GEN) by 26.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 500,679 shares of the company’s stock after selling 183,090 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Gen Digital were worth $13,288,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Gen Digital by 132.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company’s stock valued at $16,039,000 after purchasing an additional 341,533 shares during the last quarter. Mather Group LLC. boosted its position in Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in Gen Digital during the first quarter valued at approximately $377,000. Wellington Management Group LLP boosted its position in Gen Digital by 98.8% during the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company’s stock valued at $3,140,000 after purchasing an additional 56,993 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Gen Digital by 52.4% during the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company’s stock valued at $296,000 after purchasing an additional 3,830 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $30.74 on Thursday. The business’s 50 day moving average price is $30.14 and its two-hundred day moving average price is $28.18. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The company has a market cap of $18.93 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22.

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

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, August 18th. This represents a $0.50 annualized dividend and a yield of 1.6%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target for the company. Wall Street Zen downgraded Gen Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th. Royal Bank Of Canada boosted their price target on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Finally, B. Riley began coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.33.

About Gen Digital

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.