Credit Agricole S A Acquires 19,404 Shares of Gen Digital Inc. $GEN

Key Points

• Credit Agricole S A increased its stake in Gen Digital Inc. by 11.5% during Q1, acquiring an additional 19,404 shares for a total of 188,762 shares valued at approximately $5 million.
• Gen Digital reported $0.64 EPS for the last quarter, exceeding analysts' expectations of $0.60, with revenues of $1.26 billion, representing a year-over-year increase of 30.3%.
• The company has announced a quarterly dividend of $0.125 per share, resulting in an annualized yield of 1.6%, with a payout ratio of 51.55%.

Credit Agricole S A raised its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,762 shares of the company's stock after buying an additional 19,404 shares during the quarter. Credit Agricole S A's holdings in Gen Digital were worth $5,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its holdings in 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 buying an additional 854 shares during the period. Tsfg LLC bought a new stake in Gen Digital in the 1st quarter valued at $52,000. Mather Group LLC. increased its holdings in Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after buying an additional 783 shares during the period. Curat Global LLC bought a new stake in Gen Digital in the 1st quarter valued at $154,000. Finally, Sagespring Wealth Partners LLC bought a new stake in Gen Digital in the 1st quarter valued at $212,000. Institutional investors own 81.38% of the company's stock.

Gen Digital Stock Up 1.3%

Shares of NASDAQ:GEN opened at $31.58 on Friday. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The company's 50-day moving average price is $30.07 and its two-hundred day moving average price is $28.11. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm has a market cap of $19.45 billion, a P/E ratio of 32.56, a P/E/G ratio of 1.04 and a beta of 1.00.

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 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company's revenue was up 30.3% on a year-over-year basis. 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, research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. Gen Digital's dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

GEN has been the topic of several analyst reports. Wall Street Zen lowered shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Royal Bank Of Canada increased 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. Wells Fargo & Company increased their target price on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Barclays increased 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. Finally, B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Gen Digital has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

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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