11,608 Shares in Gen Digital Inc. $GEN Purchased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC purchased 11,608 shares of Gen Digital Inc., valued at approximately $341,000, enhancing their presence among institutional investors that own 81.38% of the company.
• Gen Digital reported a strong quarter with earnings of $0.64 per share, surpassing analysts' estimates of $0.60 and achieving a year-over-year revenue increase of 30.3% to $1.26 billion.
• The company announced a quarterly dividend of $0.125 per share, reflecting a yield of 1.8% with a payout ratio of 51.55%.

Sequoia Financial Advisors LLC bought a new stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,608 shares of the company's stock, valued at approximately $341,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock worth $1,849,593,000 after purchasing an additional 2,513,464 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Gen Digital by 3.8% in the 1st quarter. Ameriprise Financial Inc. now owns 21,067,048 shares of the company's stock worth $559,126,000 after buying an additional 768,652 shares in the last quarter. Boston Partners lifted its position in Gen Digital by 37.3% in the 1st quarter. Boston Partners now owns 13,358,167 shares of the company's stock worth $354,456,000 after buying an additional 3,631,052 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Gen Digital by 43.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company's stock valued at $325,662,000 after buying an additional 3,724,211 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Gen Digital during the 1st quarter valued at $299,562,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Stock Up 2.5%

Shares of GEN stock opened at $27.36 on Wednesday. The stock's 50 day simple moving average is $29.08 and its 200 day simple moving average is $28.50. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 0.90 and a beta of 0.94.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company's revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, research analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital's payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GEN shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gen Digital in a research note on Wednesday, October 8th. Wall Street Zen raised Gen Digital from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. Evercore ISI assumed coverage on Gen Digital in a research note on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target for the company. Barclays boosted their price target on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group initiated coverage on Gen Digital in a report on Friday, October 3rd. They issued a "hold" rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Gen Digital presently has an average rating of "Moderate Buy" and an average price target of $35.71.

About Gen Digital

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.

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