United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $764,000 Investment in Gen Digital Inc. $GEN
by Renee Jackson · The Cerbat GemUnited Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) in the second quarter, HoldingsChannel.com reports. The fund bought 26,000 shares of the company’s stock, valued at approximately $764,000.
A number of other institutional investors and hedge funds have also made changes to their positions in GEN. Cullen Frost Bankers Inc. bought a new stake in shares of Gen Digital in the 2nd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its stake in Gen Digital by 221.5% during the 1st 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. Rise Advisors LLC increased its position in Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after buying an additional 381 shares during the period. Capital Analysts LLC bought a new stake in Gen Digital in the first quarter valued at $85,000. Finally, Allworth Financial LP lifted its stake in Gen Digital by 136.1% in the second quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after buying an additional 3,040 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GEN has been the subject of several recent research reports. Jefferies Financial Group began coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Barclays raised their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Evercore ISI lifted their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.43.
Read Our Latest Stock Report on GEN
Insider Activity at Gen Digital
In other news, Director John C. Chrystal acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the acquisition, the director directly owned 28,419 shares in the company, valued at $771,291.66. This represents a 21.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.30% of the company’s stock.
Gen Digital Trading Down 1.6%
Shares of NASDAQ:GEN opened at $26.24 on Thursday. The company has a 50 day moving average of $27.07 and a 200-day moving average of $28.74. The firm has a market cap of $16.18 billion, a P/E ratio of 27.05, a P/E/G ratio of 0.87 and a beta of 0.94. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.
Gen Digital (NASDAQ:GEN – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. As a group, analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.
Gen Digital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is 54.35%.
Gen Digital Company Profile
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.
Read More
- Five stocks we like better than Gen Digital
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Tesla Just Got Called a “Must Own” Stock—Here’s Why
- Best Aerospace Stocks Investing
- Why Gold Loves Trump as Much as Trump Loves Gold
- Growth Stocks: What They Are, Examples and How to Invest
- Google’s Gemini 3 Sends Broadcom Soaring: TPUs Take Center Stage
Want to see what other hedge funds are holding GEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gen Digital Inc. (NASDAQ:GEN – Free Report).