Bokf Na Buys New Stake in Gen Digital Inc. $GEN

Key Points

• BOKF NA acquired 39,050 shares of Gen Digital during the third quarter, valued at approximately $860,000. Institutional investors collectively own 81.38% of the company.
• Gen Digital reported quarterly revenue of $1.37 billion, up 12.2% year over year, and adjusted earnings of $0.74 per share, exceeding analysts’ expectations.
• The company declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a yield of about 1.7%; analysts maintain a generally cautious “Hold” consensus with an average price target of $31.60.

Bokf Na bought a new position in Gen Digital Inc. (NASDAQ:GEN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,050 shares of the company's stock, valued at approximately $860,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in Gen Digital during the second quarter valued at $25,920,000. Hsbc Holdings PLC lifted its holdings in shares of Gen Digital by 49.4% in the second quarter. Hsbc Holdings PLC now owns 1,324,155 shares of the company's stock worth $32,976,000 after buying an additional 437,646 shares in the last quarter. Empowered Funds LLC bought a new stake in Gen Digital during the 2nd quarter worth approximately $12,705,000. The Manufacturers Life Insurance Company increased its holdings in Gen Digital by 17.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company's stock worth $7,245,000 after acquiring an additional 58,319 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Gen Digital during the 2nd quarter valued at $62,004,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Stock Up 3.3%

Shares of NASDAQ GEN opened at $29.13 on Friday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $31.65. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.37 and a quick ratio of 0.47. The firm's 50 day simple moving average is $26.50 and its two-hundred day simple moving average is $24.39. The stock has a market capitalization of $17.44 billion, a P/E ratio of 14.64, a PEG ratio of 0.91 and a beta of 1.26.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. Gen Digital had a net margin of 23.07% and a return on equity of 56.80%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business posted $0.62 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts expect that Gen Digital Inc. will post 2.66 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 16th. Gen Digital's dividend payout ratio (DPR) is presently 25.13%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEN. Wells Fargo & Company raised their price target on Gen Digital from $22.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Barclays raised their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Gen Digital from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Weiss Ratings upgraded shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. Finally, Royal Bank Of Canada boosted their price target on shares of Gen Digital from $24.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.60.

More Gen Digital News

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Fiscal Q2 beat and raised outlook: Gen Digital reported adjusted earnings of $0.74 per share, above the $0.72 consensus estimate, while revenue rose 12.2% year over year to $1.37 billion. Management also raised its fiscal 2027 earnings floor. Gen Digital Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Healthy growth across key businesses: Financial wellness demand supported double-digit growth, Cyber Safety margins reached a record, and partner-channel revenue increased 40% year over year to $295 million. Gen Digital: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Q3 guidance is ahead of expectations: Gen Digital forecast earnings of $0.73-$0.75 per share, compared with the $0.72 consensus estimate. Revenue guidance of approximately $1.4 billion was in line with expectations. Gen Digital Q2 Adjusted Earnings, Revenue Rise; Sets Q3 Guidance
• Positive Sentiment: M&A uncertainty eased: Management said it is not currently pursuing a “transformative acquisition,” reducing concerns that Gen Digital might take on significant additional financial or integration risk. Gen Digital Surges
• Positive Sentiment: Shareholder return supported: The company declared a quarterly dividend of $0.125 per share, or $0.50 annualized, with a stated yield of about 1.7%. Gen Digital Approves Quarterly Cash Dividend
• Neutral Sentiment: Analyst targets are mixed: Morgan Stanley raised its price target to $34 from $32, while Royal Bank of Canada lifted its target to $27 but maintained a “sector perform” rating—below the recent trading level. Morgan Stanley Adjusts Price Target
• Negative Sentiment: Margin focus remains a risk: Coverage following the earnings report indicates investors are scrutinizing margins and the sustainability of recent earnings gains, which could limit further upside if profitability moderates. Gen Digital Stock Repriced After Q2 Earnings

Insiders Place Their Bets

In other Gen Digital news, insider Travis Witteveen sold 30,000 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the sale, the insider owned 496,545 shares of the company's stock, valued at $14,608,353.90. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Seuk Ko sold 28,248 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $30.67, for a total transaction of $866,366.16. Following the sale, the chief operating officer owned 744,262 shares of the company's stock, valued at approximately $22,826,515.54. This represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 558,508 shares of company stock valued at $16,356,093 in the last ninety days. Company insiders own 9.70% of the company's stock.

Gen Digital Company Profile

Gen Digital Inc NASDAQ: GEN is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.

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