Foster & Motley Inc. Makes New $1.20 Million Investment in Gen Digital Inc. $GEN

Key Points

• Foster & Motley acquired 48,376 Gen Digital shares worth approximately $1.20 million during the second quarter. Institutional investors and hedge funds collectively own 81.38% of the company.
• Gen Digital exceeded quarterly expectations, reporting $0.71 in adjusted EPS and $1.34 billion in revenue, up 6.3% year over year. The company also declared a quarterly dividend of $0.125 per share, representing a 1.8% yield.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $31.67 price target. GEN opened at $27.54, while recent insider activity included director sales outweighing purchases.

Foster & Motley Inc. acquired a new position in Gen Digital Inc. (NASDAQ:GEN - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 48,376 shares of the company's stock, valued at approximately $1,204,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEN. Trust Co. of Vermont purchased a new position in Gen Digital in the second quarter worth $32,000. International Assets Investment Management LLC purchased a new position in Gen Digital during the fourth quarter valued at approximately $27,000. Grove Bank & Trust increased its holdings in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company's stock worth $28,000 after purchasing an additional 927 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company's stock valued at $42,000 after acquiring an additional 611 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Gen Digital in the second quarter worth $47,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Wall Street Analyst Weigh In

GEN has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of Gen Digital from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Wall Street Zen lowered Gen Digital from a "buy" rating to a "hold" rating in a research report on Sunday. Argus upgraded shares of Gen Digital to a "strong-buy" rating in a report on Friday, May 22nd. Weiss Ratings raised Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada raised their price target on Gen Digital from $27.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.67.

Gen Digital Trading Down 0.4%

NASDAQ:GEN opened at $27.54 on Thursday. The firm has a 50 day moving average of $26.31 and a 200 day moving average of $23.50. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 16.01 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $31.88.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. As a group, sell-side analysts anticipate that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 17th. Gen Digital's dividend payout ratio (DPR) is 29.07%.

Insider Activity at Gen Digital

In other news, Director Ondrej Vlcek sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares of the company's stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Chrystal purchased 3,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the completion of the transaction, the director directly owned 31,419 shares of the company's stock, valued at approximately $850,198.14. The trade was a 10.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 130,440 shares of company stock worth $3,372,946 in the last three months. 9.70% of the stock is owned by company insiders.

Gen Digital Company Profile

Gen Digital NASDAQ: GEN is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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