Aberdeen Group plc Purchases 22,126 Shares of Gen Digital Inc. $GEN

Key Points

• Aberdeen Group plc increased its stake in Gen Digital Inc. by 5.2% in Q1, owning 447,886 shares valued at approximately $11.77 million.
• Gen Digital reported a 30.3% increase in revenue year-over-year, reaching $1.26 billion and earnings per share of $0.64, surpassing analyst expectations.
• The company also announced a $0.125 quarterly dividend, set to be paid on September 10, with an annualized yield of 1.6%.

Aberdeen Group plc grew its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 447,886 shares of the company's stock after acquiring an additional 22,126 shares during the quarter. Aberdeen Group plc owned 0.07% of Gen Digital worth $11,770,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Gen Digital during the first quarter worth about $299,562,000. Boston Partners grew its holdings in shares of Gen Digital by 37.3% during the first 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. Vanguard Group Inc. grew its holdings in shares of Gen Digital by 3.7% during the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock worth $1,849,593,000 after buying an additional 2,513,464 shares in the last quarter. Todd Asset Management LLC bought a new position in shares of Gen Digital during the first quarter worth about $25,432,000. Finally, Penserra Capital Management LLC grew its holdings in shares of Gen Digital by 33.0% during the first quarter. Penserra Capital Management LLC now owns 2,972,160 shares of the company's stock worth $78,880,000 after buying an additional 736,809 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Price Performance

Shares of GEN traded up $0.39 during midday trading on Friday, hitting $31.58. The company's stock had a trading volume of 3,609,020 shares, compared to its average volume of 3,939,223. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The company's fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $28.11. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00.

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

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be paid a $0.125 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

A number of research firms recently issued reports on GEN. Barclays increased their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price objective for the company. B. Riley assumed coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective for the company. Wells Fargo & Company increased their target price on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada raised their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.33.

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.