Gen Digital Inc. $GEN Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Gen Digital by 9.7% in Q1, acquiring an additional 8,212 shares, bringing its total holdings to **93,013 shares** valued at approximately **$2.487 million**.
• Several hedge funds have also increased their holdings in Gen Digital, with institutional investors now owning 81.38% of the company's stock.
• Gen Digital reported a quarterly earnings per share (EPS) of $0.64, exceeding analysts' consensus estimate, and announced a quarterly dividend of $0.125 per share with a yield of **1.6%**.

Ethic Inc. lifted its stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,013 shares of the company's stock after buying an additional 8,212 shares during the period. Ethic Inc.'s holdings in Gen Digital were worth $2,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Aberdeen Group plc boosted its position in shares of Gen Digital by 5.2% in the first quarter. Aberdeen Group plc now owns 447,886 shares of the company's stock worth $11,770,000 after buying an additional 22,126 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gen Digital by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,800,377 shares of the company's stock worth $153,929,000 after buying an additional 193,531 shares during the period. Fox Run Management L.L.C. boosted its position in shares of Gen Digital by 26.7% in the first quarter. Fox Run Management L.L.C. now owns 73,892 shares of the company's stock worth $1,961,000 after buying an additional 15,549 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Gen Digital by 585.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 377,464 shares of the company's stock worth $10,018,000 after buying an additional 322,420 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Gen Digital by 4.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 221,873 shares of the company's stock worth $5,889,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Stock Down 0.2%

NASDAQ GEN traded down $0.06 on Wednesday, hitting $31.44. 3,222,416 shares of the stock traded hands, compared to its average volume of 3,879,007. The stock has a 50-day moving average of $29.98 and a 200 day moving average of $28.03. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a market capitalization of $19.36 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior 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, analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business 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 1.6%. The ex-dividend date is Monday, August 18th. Gen Digital's dividend payout ratio is presently 51.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GEN shares. Wells Fargo & Company upped their target price on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price target for the company. B. Riley initiated coverage on Gen Digital in a report on Monday, July 14th. They issued a "buy" rating and a $46.00 price target for the company. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Gen Digital presently has a consensus rating of "Moderate Buy" and an average 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.