B. Metzler seel. Sohn & Co. AG Takes Position in Gen Digital Inc. $GEN

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 186,155 Gen Digital shares in the second quarter, valued at approximately $4.6 million. Institutional investors collectively own 81.38% of the company.
• Gen Digital reported quarterly EPS of $0.71, beating expectations of $0.69, while revenue rose 6.3% year over year to $1.34 billion. Analysts maintain a consensus “Hold” rating with a $31.67 price target.
• The stock opened at $28.93, up 2.7%, and Gen Digital declared a quarterly dividend of $0.125 per share, equal to a 1.7% annualized yield.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 186,155 shares of the company's stock, valued at approximately $4,633,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company's stock worth $1,993,302,000 after buying an additional 1,096,313 shares during the period. State Street Corp lifted its holdings in shares of 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 acquiring an additional 1,015,755 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Gen Digital by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company's stock valued at $660,730,000 after purchasing an additional 1,406,869 shares in the last quarter. First Trust Advisors LP boosted its stake 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 valued at $542,211,000 after purchasing an additional 3,640,451 shares in the last quarter. Finally, Boston Partners grew 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 purchasing an additional 1,954,712 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Gen Digital from $27.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Argus upgraded shares of Gen Digital to a "strong-buy" rating in a research report on Friday, May 22nd. Barclays boosted their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Weiss Ratings raised Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on Gen Digital from $22.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.67.

Gen Digital Stock Up 2.7%

Shares of Gen Digital stock opened at $28.93 on Friday. The company has a market capitalization of $17.32 billion, a P/E ratio of 16.82 and a beta of 1.21. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average of $26.49 and a two-hundred day moving average of $23.57. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $31.88.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.Gen Digital's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. As a group, equities analysts predict that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid 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 of this dividend is Monday, August 17th. Gen Digital's dividend payout ratio (DPR) is currently 29.07%.

Insider Transactions at Gen Digital

In other news, 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 $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Chrystal acquired 3,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 31,419 shares of the company's stock, valued at $850,198.14. This represents a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 230,440 shares of company stock valued at $6,172,946 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Gen Digital Company Profile

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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