2,686,028 Shares in Gen Digital Inc. $GEN Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. acquired a new stake in Gen Digital Inc. worth approximately $71.29 million during the first quarter, purchasing over 2.6 million shares.
• Gen Digital reported earnings of $0.64 EPS for the last quarter, exceeding analyst estimates, with a 30.3% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.125, representing an annualized yield of 1.7%, with a dividend payout ratio of 51.55%.

Alyeska Investment Group L.P. acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,686,028 shares of the company's stock, valued at approximately $71,287,000. Alyeska Investment Group L.P. owned about 0.44% of Gen Digital as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Gen Digital by 132.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock valued at $16,039,000 after acquiring an additional 341,533 shares during the last quarter. Mather Group LLC. raised its stake in Gen Digital by 26.6% during the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new stake in Gen Digital during the 1st quarter valued at approximately $377,000. Wellington Management Group LLP lifted its position in Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Gen Digital by 52.4% in the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock valued at $296,000 after purchasing an additional 3,830 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Down 0.1%

NASDAQ:GEN traded down $0.03 on Friday, reaching $29.50. The stock had a trading volume of 2,497,074 shares, compared to its average volume of 4,113,422. The stock has a market cap of $18.17 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a 50-day moving average of $30.23 and a 200 day moving average of $28.28. 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 Inc. has a 12-month low of $22.74 and a 12-month high of $32.22.

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

Gen Digital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Morgan Stanley raised their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 2nd. Barclays raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Finally, Evercore ISI assumed coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price objective for the company. One investment 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's stock. According to data from MarketBeat, Gen Digital currently has an average rating of "Moderate Buy" and a consensus target price of $36.50.

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.