Lifeworks Advisors LLC Raises Stock Position in Gen Digital Inc. $GEN

Lifeworks Advisors LLC increased its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,333 shares of the company’s stock after acquiring an additional 32,891 shares during the quarter. Lifeworks Advisors LLC’s holdings in Gen Digital were worth $4,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Gen Digital by 2.4% in the fourth quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock valued at $441,000 after acquiring an additional 387 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Gen Digital by 20.9% during the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after purchasing an additional 390 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Gen Digital by 22.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after purchasing an additional 414 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in shares of Gen Digital by 0.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock valued at $2,222,000 after purchasing an additional 426 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Gen Digital by 1.6% in the 3rd quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GEN shares. Weiss Ratings restated a “hold (c)” rating on shares of Gen Digital in a research note on Thursday, June 18th. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays raised their price target on 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 boosted their price target on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Gen Digital currently has a consensus rating of “Hold” and an average price target of $31.29.

Insider Transactions at Gen Digital

In related news, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Chrystal purchased 3,000 shares of Gen Digital stock in a transaction on Thursday, June 4th. The shares were acquired at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the transaction, the director directly owned 31,419 shares in the company, valued at $850,198.14. The trade was a 10.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of GEN opened at $25.91 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $24.43 and its 200-day moving average price is $23.28. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The firm has a market capitalization of $15.61 billion, a PE ratio of 16.40 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. 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, equities research analysts predict that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is presently 31.65%.

Gen Digital Company 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.