Callan Family Office LLC Has $640,000 Stock Holdings in Gen Digital Inc. $GEN

Key Points

• Callan Family Office LLC increased its holdings in Gen Digital Inc. by 171.5% in Q2, now owning 21,770 shares valued at $640,000.
• Analysts have upgraded Gen Digital, with Wall Street Zen raising its rating to "buy" and B. Riley setting a target price of $46.00.
• Gen Digital reported a quarterly EPS of $0.64, exceeding expectations, and is projected to have a dividend yield of 1.9% for the fiscal year.

Callan Family Office LLC grew its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 171.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,770 shares of the company's stock after purchasing an additional 13,752 shares during the quarter. Callan Family Office LLC's holdings in Gen Digital were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its stake in shares of Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after purchasing an additional 854 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after purchasing an additional 1,183 shares during the period. Tsfg LLC acquired a new position in shares of Gen Digital in the 1st quarter valued at about $52,000. Rise Advisors LLC lifted its stake in shares of Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after purchasing an additional 381 shares during the period. Finally, Capital Analysts LLC bought a new stake in Gen Digital in the 1st quarter valued at about $85,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GEN shares. Wall Street Zen raised Gen Digital from a "hold" rating to a "buy" rating in a research report on Sunday. B. Riley started coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price for the company. Royal Bank Of Canada boosted their target price on Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Barclays boosted their target price on 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, Jefferies Financial Group started coverage on Gen Digital in a research report on Friday, October 3rd. They issued a "hold" rating and a $31.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.71.

Gen Digital Stock Performance

Shares of Gen Digital stock opened at $26.70 on Tuesday. The company has a market cap of $16.44 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The business has a 50 day moving average price of $29.43 and a 200-day moving average price of $28.48. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion during 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 in the prior year, the business 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. Equities analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

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