Todd Asset Management LLC Grows Stock Position in Gen Digital Inc. $GEN

Todd Asset Management LLC boosted its position in Gen Digital Inc. (NASDAQ:GEN) by 33.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,548,083 shares of the company’s stock after buying an additional 388,423 shares during the quarter. Todd Asset Management LLC owned approximately 0.25% of Gen Digital worth $42,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GEN. International Assets Investment Management LLC purchased a new stake in Gen Digital in the fourth quarter worth $27,000. Clearstead Advisors LLC increased its position in Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the last quarter. TD Private Client Wealth LLC increased its position in Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Gen Digital in the second quarter worth $47,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on GEN shares. Wells Fargo & Company initiated coverage on Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays lifted their price target on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their price target on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

Gen Digital Price Performance

NASDAQ:GEN opened at $24.82 on Monday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 15.71 and a beta of 1.10. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The stock has a fifty day moving average of $20.45 and a 200 day moving average of $23.66. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.47 and a current ratio of 0.40.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. 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, research analysts expect that Gen Digital Inc. will post 2.66 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 annualized dividend and a yield of 2.0%. Gen Digital’s dividend payout ratio (DPR) is currently 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.