Ethic Inc. Purchases 11,462 Shares of Gen Digital Inc. $GEN

Key Points

• Ethic Inc. increased its stake in Gen Digital Inc. by 12.3% during the second quarter, owning a total of 104,475 shares worth $3,059,000 as of its latest filing.
• Gen Digital reported $0.64 earnings per share for the last quarter, which exceeded analysts' expectations of $0.60, and its revenue grew by 30.3% year-over-year.
• The company recently declared a quarterly dividend of $0.125 per share, resulting in a 1.8% dividend yield with a payout ratio of 51.55%.

Ethic Inc. lifted its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,475 shares of the company's stock after acquiring an additional 11,462 shares during the period. Ethic Inc.'s holdings in Gen Digital were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC lifted its stake in 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 last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Gen Digital by 0.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company's stock valued at $1,856,000 after purchasing an additional 427 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in Gen Digital by 5.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company's stock valued at $248,000 after purchasing an additional 454 shares during the last quarter. Blue Trust Inc. lifted its stake in Gen Digital by 3.0% in the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company's stock valued at $456,000 after purchasing an additional 458 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Gen Digital by 1.5% in the 1st quarter. Alps Advisors Inc. now owns 31,540 shares of the company's stock valued at $837,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 81.38% of the company's stock.

Gen Digital Trading Up 0.1%

GEN opened at $27.22 on Friday. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. 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 company has a fifty day moving average of $28.81 and a 200-day moving average of $28.54. The stock has a market cap of $16.76 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the company posted $0.53 earnings per share. Gen Digital'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, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were given a dividend of $0.125 per share. The ex-dividend date was Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital's dividend payout ratio is 51.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Barclays raised their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. B. Riley began coverage on shares of Gen Digital in a research note on Monday, July 14th. They set a "buy" rating and a $46.00 price target for the company. Wall Street Zen raised shares of Gen Digital from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Finally, Evercore ISI began coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.71.

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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