Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.89 Million Position in Gen Digital Inc. $GEN

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Gen Digital Inc. by 4.6%, bringing its total to 221,873 shares valued at approximately $5.89 million.
• Analysts have mixed ratings for Gen Digital, with a consensus rating of "Moderate Buy" and an average price target of $35.33.
• Gen Digital recently declared a quarterly dividend of $0.125 per share, equating to an annualized yield of 1.6%, with a payout ratio of 51.55%.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,873 shares of the company's stock after buying an additional 9,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Gen Digital were worth $5,889,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GEN. Nuveen LLC acquired a new stake in Gen Digital during the 1st quarter worth approximately $299,562,000. Boston Partners lifted its holdings in Gen Digital by 37.3% during the 1st quarter. Boston Partners now owns 13,358,167 shares of the company's stock worth $354,456,000 after purchasing an additional 3,631,052 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Gen Digital by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock worth $1,849,593,000 after purchasing an additional 2,513,464 shares during the last quarter. Todd Asset Management LLC bought a new position in Gen Digital during the 1st quarter worth $25,432,000. Finally, Penserra Capital Management LLC increased its stake in Gen Digital by 33.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,972,160 shares of the company's stock worth $78,880,000 after acquiring an additional 736,809 shares during the period. 81.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GEN. Evercore ISI began coverage on Gen Digital in a research note on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price objective on the stock. Wall Street Zen lowered Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company raised their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Barclays raised their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Finally, B. Riley began coverage on Gen Digital in a research note on Monday, July 14th. They set a "buy" rating and a $46.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.33.

Gen Digital Price Performance

Shares of GEN traded down $0.1750 during midday trading on Wednesday, hitting $31.3250. The company's stock had a trading volume of 1,354,526 shares, compared to its average volume of 4,131,492. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. Gen Digital Inc. has a one year low of $22.74 and a one year 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's fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $28.03.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.Gen Digital'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 EPS. 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 analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

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

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.