National Pension Service Boosts Holdings in Gen Digital Inc. $GEN

National Pension Service lifted its stake in Gen Digital Inc. (NASDAQ:GEN) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 934,892 shares of the company’s stock after purchasing an additional 112,136 shares during the period. National Pension Service’s holdings in Gen Digital were worth $25,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GEN. Goldman Sachs Group Inc. lifted its position in shares of Gen Digital by 1.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after purchasing an additional 28,522 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Gen Digital in the 1st quarter worth about $205,000. Woodline Partners LP lifted its position in shares of Gen Digital by 37.8% in the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after purchasing an additional 7,562 shares during the period. Focus Partners Wealth lifted its position in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after purchasing an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GEN shares. Argus raised shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company started coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target for the company. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.29.

Gen Digital Stock Performance

Shares of NASDAQ GEN opened at $25.79 on Monday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. The stock has a market cap of $15.54 billion, a P/E ratio of 16.32 and a beta of 1.20. The firm has a 50-day moving average of $20.86 and a 200 day moving average of $23.63. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40.

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 analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. Gen Digital’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. 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. As a group, sell-side analysts expect that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

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.