Callan Family Office LLC Invests $213,000 in Gen Digital Inc. $GEN

Key Points

• Callan Family Office LLC has acquired a new stake in Gen Digital Inc., purchasing 8,018 shares valued at approximately $213,000 in the first quarter.
• Gen Digital reported a 30.3% increase in quarterly revenue year-over-year, with earnings per share of $0.64, surpassing analyst expectations.
• Wells Fargo raised its price target on Gen Digital from $37.00 to $40.00 while maintaining an “overweight” rating on the stock.

Callan Family Office LLC purchased a new stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,018 shares of the company's stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock valued at $1,849,593,000 after buying an additional 2,513,464 shares during the period. Nuveen LLC bought a new position in Gen Digital during the first quarter worth about $299,562,000. Invesco Ltd. boosted its stake in Gen Digital by 5.6% during the 1st quarter. Invesco Ltd. now owns 9,227,444 shares of the company's stock worth $244,896,000 after acquiring an additional 491,977 shares during the last quarter. LSV Asset Management grew its holdings in Gen Digital by 1.5% during the first quarter. LSV Asset Management now owns 8,208,034 shares of the company's stock valued at $217,841,000 after purchasing an additional 119,354 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Gen Digital by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 5,184,489 shares of the company's stock worth $137,596,000 after purchasing an additional 117,013 shares during the period. 81.38% of the stock is owned by institutional investors.

Gen Digital Trading Down 0.6%

Shares of GEN stock traded down $0.1950 on Wednesday, hitting $31.3050. The company had a trading volume of 1,154,848 shares, compared to its average volume of 4,130,205. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $19.28 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.05 and a beta of 1.00. The stock's 50-day moving average is $29.98 and its two-hundred day moving average is $28.03.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, equities research analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm 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 $0.125 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital's payout ratio is 51.55%.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Barclays increased their price objective 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. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price for the company. Wall Street Zen downgraded shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Evercore ISI started coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Company 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.