Foster & Motley Inc. Increases Stock Holdings in Gen Digital Inc. $GEN

by · The Markets Daily

Foster & Motley Inc. boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GENFree Report) by 87.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,809 shares of the company’s stock after buying an additional 26,583 shares during the period. Foster & Motley Inc.’s holdings in Gen Digital were worth $1,070,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Gen Digital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after purchasing an additional 1,096,313 shares during the last quarter. State Street Corp lifted its position in Gen Digital by 3.4% during the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after purchasing an additional 1,015,755 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Gen Digital by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 22,961,310 shares of the company’s stock worth $651,867,000 after buying an additional 487,393 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Gen Digital by 22.3% in the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after buying an additional 3,640,451 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Gen Digital by 14.3% in the 4th 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 during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $24.45 on Friday. The business has a 50 day moving average of $23.13 and a 200 day moving average of $23.41. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The company has a market cap of $14.73 billion, a PE ratio of 15.47 and a beta of 1.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GENGet Free Report) last released its quarterly earnings results 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. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, equities research analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Gen Digital’s payout ratio is presently 31.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GEN. Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Royal Bank Of Canada raised their price objective on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Barclays boosted their target price on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wells Fargo & Company began coverage on Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gen Digital in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.29.

Check Out Our Latest Research Report on GEN

Insider Activity

In related news, Director John C. Chrystal acquired 3,000 shares of the stock in a transaction 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 completion of the acquisition, the director directly owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This represents a 10.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of Gen Digital 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 sale, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by insiders.

Gen Digital Company Profile

(Free Report)

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.

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