Louisiana State Employees Retirement System Purchases New Shares in Gen Digital Inc. $GEN

Louisiana State Employees Retirement System purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,100 shares of the company’s stock, valued at approximately $529,000.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Gen Digital by 22.3% during the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after purchasing an additional 3,640,451 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Gen Digital in the fourth quarter valued at approximately $70,248,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Gen Digital by 36.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,978,710 shares of the company’s stock valued at $244,131,000 after buying an additional 2,377,874 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Gen Digital by 167.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,328,737 shares of the company’s stock valued at $90,508,000 after buying an additional 2,082,850 shares during the period. Finally, Boston Partners grew its position in Gen Digital by 14.3% during the fourth quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after buying an additional 1,954,712 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Up 0.7%

Shares of GEN opened at $26.78 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 16.95 and a beta of 1.21. The business’s fifty day moving average is $24.02 and its 200-day moving average is $23.32.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $0.59 earnings per share. Gen Digital’s 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. Equities analysts anticipate that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s payout ratio is 31.65%.

Insider Activity at Gen Digital

In related news, Director John C. Chrystal acquired 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director directly owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,478,000.00. Following the completion of the transaction, the director directly owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the subject of several analyst reports. Argus raised Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada upped their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Barclays increased their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.29.

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.