Financiere des Professionnels Fonds d investissement inc. Buys Shares of 8,693 Gen Digital Inc. $GEN

Key Points

• Financiere des Professionnels Fonds d investissement inc. invested $256,000 in Gen Digital Inc., acquiring 8,693 shares, as part of a trend where institutional investors now hold 81.38% of the company's stock.
• Analysts have recently raised their price targets for Gen Digital, with Wells Fargo setting a new target of $40.00 and Barclays updating theirs to $33.00, indicating a generally positive outlook for the stock.
• Gen Digital reported a 30.3% year-over-year revenue increase, achieving $1.26 billion for the quarter, and surpassed earnings expectations with $0.64 EPS compared to the consensus estimate of $0.60.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,693 shares of the company's stock, valued at approximately $256,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock worth $1,849,593,000 after buying an additional 2,513,464 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Gen Digital by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 21,067,048 shares of the company's stock worth $559,126,000 after buying an additional 768,652 shares in the last quarter. Boston Partners raised its stake in Gen Digital by 37.3% in the first quarter. Boston Partners now owns 13,358,167 shares of the company's stock worth $354,456,000 after buying an additional 3,631,052 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gen Digital by 43.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company's stock worth $325,662,000 after buying an additional 3,724,211 shares in the last quarter. Finally, Nuveen LLC bought a new position in Gen Digital in the first quarter worth approximately $299,562,000. Institutional investors own 81.38% of the company's stock.

Gen Digital Stock Performance

Shares of GEN traded up $0.13 during trading hours on Friday, reaching $28.99. 9,551,747 shares of the company traded hands, compared to its average volume of 3,378,144. The stock has a market capitalization of $17.85 billion, a P/E ratio of 29.89, a P/E/G ratio of 0.98 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The business has a fifty day moving average price of $30.08 and a 200-day moving average price of $28.40.

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, topping 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 company's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 18th. Gen Digital's payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

GEN has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Barclays upped their price target 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. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target on the stock. Finally, B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 price target on the stock. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.