18,983 Shares in Gen Digital Inc. $GEN Purchased by Quarry LP

Key Points

• Quarry LP purchased 18,983 shares of Gen Digital Inc. valued at approximately $504,000 during the 1st quarter, indicating growing institutional interest in the company.
• Gen Digital recently reported quarterly earnings of $0.64 per share, exceeding analyst expectations, and a 30.3% year-over-year revenue growth, highlighting its strong performance.
• The company also declared a quarterly dividend of $0.125 per share, representing an annualized yield of 1.7%, reflecting its commitment to returning value to shareholders.

Quarry LP acquired a new position in Gen Digital Inc. (NASDAQ:GEN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 18,983 shares of the company's stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nomura Holdings Inc. boosted its position in shares of Gen Digital by 24.2% in the 1st quarter. Nomura Holdings Inc. now owns 22,182 shares of the company's stock worth $589,000 after buying an additional 4,316 shares in the last quarter. Twin Tree Management LP lifted its holdings in Gen Digital by 144.9% in the 1st quarter. Twin Tree Management LP now owns 50,798 shares of the company's stock valued at $1,348,000 after purchasing an additional 30,052 shares in the last quarter. Mubadala Investment Co PJSC lifted its holdings in Gen Digital by 4.0% in the 1st quarter. Mubadala Investment Co PJSC now owns 143,873 shares of the company's stock valued at $3,818,000 after purchasing an additional 5,551 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Gen Digital by 3.4% in the 1st quarter. Baird Financial Group Inc. now owns 79,431 shares of the company's stock valued at $2,108,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Vident Advisory LLC purchased a new position in Gen Digital in the 1st quarter valued at about $384,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GEN shares. Evercore ISI started coverage on shares of Gen Digital in a report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price on the stock. Wall Street Zen lowered shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Barclays upped their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company upped their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.33.

Gen Digital Trading Down 0.0%

Shares of GEN stock opened at $30.20 on Monday. The firm has a market cap of $18.60 billion, a P/E ratio of 31.13, a PEG ratio of 1.01 and a beta of 0.99. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm's 50-day simple moving average is $30.18 and its 200-day simple moving average is $28.21.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company's revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. 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, equities analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 18th. Gen Digital's dividend payout ratio is presently 51.55%.

Gen Digital 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.

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