Caisse DE Depot ET Placement DU Quebec Has $13.29 Million Holdings in Gen Digital Inc. $GEN

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Gen Digital Inc. by 26.8%, owning 500,679 shares worth approximately $13.29 million at the end of the first quarter.
• Gen Digital's stock received mixed ratings from analysts, with one Strong Buy, three Buy, and three Hold ratings, alongside a consensus target price of $35.33.
• The company reported $1.26 billion in revenue for the last quarter, exceeding analyst expectations, and it plans to distribute a quarterly dividend of $0.125 per share.

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,679 shares of the company's stock after selling 183,090 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Gen Digital worth $13,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its position in shares of Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares in the last quarter. Tsfg LLC acquired a new position in shares of Gen Digital during the first quarter worth approximately $52,000. Capital Analysts LLC acquired a new position in shares of Gen Digital during the first quarter worth approximately $85,000. Mather Group LLC. lifted its position in shares of Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares in the last quarter. Finally, Curat Global LLC acquired a new position in shares of Gen Digital during the first quarter worth approximately $154,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gen Digital Trading Down 0.0%

Shares of NASDAQ GEN traded down $0.01 during midday trading on Monday, reaching $30.20. 4,825,447 shares of the stock were exchanged, compared to its average volume of 4,397,157. The business has a 50-day simple moving average of $30.18 and a two-hundred day simple moving average of $28.21. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.01 and a beta of 0.99. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. 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 (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share 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 analysts' expectations of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. 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 research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is currently 51.55%.

About Gen Digital

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.