Federation des caisses Desjardins du Quebec Has $4.18 Million Position in Gen Digital Inc. $GEN

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Gen Digital Inc. by 38.2%, owning a total of 157,678 shares valued at approximately $4.18 million.
• Analysts have a generally positive outlook on Gen Digital, with an average rating of "Moderate Buy" and a price target around $36.50, highlighting recent upgrades from firms like Morgan Stanley and Barclays.
• Gen Digital reported $1.26 billion in revenue for the last quarter, exceeding estimates while its earnings per share (EPS) were $0.64, up from $0.53 a year prior.

Federation des caisses Desjardins du Quebec lifted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 38.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,678 shares of the company's stock after buying an additional 43,612 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Gen Digital were worth $4,184,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Gen Digital by 132.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock worth $16,039,000 after acquiring an additional 341,533 shares during the period. Mather Group LLC. increased its position 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 acquiring an additional 783 shares during the period. Cornerstone Wealth Group LLC bought a new position in shares of Gen Digital in the first quarter worth $377,000. Wellington Management Group LLP increased its holdings in shares of Gen Digital by 98.8% during the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Gen Digital by 52.4% during the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock valued at $296,000 after purchasing an additional 3,830 shares in the last quarter. Institutional investors own 81.38% of the company's stock.

Gen Digital Stock Down 1.5%

Shares of NASDAQ GEN traded down $0.44 during mid-day trading on Tuesday, reaching $29.47. The company had a trading volume of 3,003,047 shares, compared to its average volume of 4,104,142. Gen Digital Inc. has a 12-month low of $22.74 and a 12-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 company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 0.99 and a beta of 0.99. The stock has a fifty day moving average of $30.24 and a two-hundred day moving average of $28.31.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion for 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 business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 18th. Gen Digital's dividend payout ratio is 51.55%.

Analysts Set New Price Targets

Several brokerages have commented on GEN. B. Riley initiated coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price target on the stock. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Barclays upped 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. Royal Bank Of Canada lifted their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Finally, Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.50.

About Gen Digital

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.