Board of the Pension Protection Fund Buys Shares of 53,700 Gen Digital Inc. $GEN

Key Points

• The Board of the Pension Protection Fund has acquired a new stake of 53,700 shares in Gen Digital Inc., valued at approximately $1,579,000, making it the fund's 9th largest holding.
• Analysts have raised their price target for Gen Digital, with Morgan Stanley increasing it from $25.00 to $32.00; the stock has an average price target of $35.71 and a consensus rating of "Moderate Buy."
• Gen Digital reported strong quarterly earnings with an EPS of $0.64, exceeding estimates, and announced a quarterly dividend yielding 1.9%.

Board of the Pension Protection Fund acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,700 shares of the company's stock, valued at approximately $1,579,000. Gen Digital comprises approximately 1.7% of Board of the Pension Protection Fund's portfolio, making the stock its 9th largest holding.

A number of other large investors have also made changes to their positions in GEN. GAMMA Investing LLC boosted its stake in shares of Gen Digital by 15.1% during the first quarter. GAMMA Investing LLC now owns 12,139 shares of the company's stock valued at $322,000 after acquiring an additional 1,593 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Gen Digital by 149.4% during the first quarter. SG Americas Securities LLC now owns 39,119 shares of the company's stock valued at $1,038,000 after acquiring an additional 23,433 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Gen Digital by 0.8% during the first quarter. Handelsbanken Fonder AB now owns 116,467 shares of the company's stock valued at $3,091,000 after acquiring an additional 915 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Gen Digital during the first quarter valued at $388,000. Finally, Fifth Third Bancorp boosted its stake in shares of Gen Digital by 23.4% during the first quarter. Fifth Third Bancorp now owns 12,453 shares of the company's stock valued at $331,000 after acquiring an additional 2,364 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GEN shares. Morgan Stanley increased their price objective on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded Gen Digital from a "hold" rating to a "buy" rating in a research report on Sunday. B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 target price on the stock. Jefferies Financial Group initiated coverage on Gen Digital in a research report on Friday, October 3rd. They set a "hold" rating and a $31.00 target price on the stock. Finally, Barclays increased their target price on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.71.

Gen Digital Stock Performance

Gen Digital stock opened at $26.52 on Friday. The stock's 50-day moving average is $29.48 and its 200-day moving average is $28.47. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business 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. Equities analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 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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