Gen Digital Inc. $GEN Position Boosted by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System increased its holdings in Gen Digital Inc. by 4.8% during the second quarter, now owning approximately 0.09% of the company valued at $15.82 million.
• Gen Digital reported a 30.3% year-over-year increase in revenue, with earnings per share exceeding estimates at $0.64 for the most recent quarter.
• The company announced a quarterly dividend of $0.125, yielding 1.9%, while maintaining a payout ratio of 51.55%.

New York State Teachers Retirement System raised its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,111 shares of the company's stock after acquiring an additional 24,536 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Gen Digital worth $15,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sagespring Wealth Partners LLC grew its stake in Gen Digital by 5.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company's stock valued at $248,000 after acquiring an additional 454 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in Gen Digital by 10.6% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 15,706 shares of the company's stock valued at $462,000 after acquiring an additional 1,503 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Gen Digital during the 2nd quarter valued at about $341,000. Vest Financial LLC lifted its holdings in shares of Gen Digital by 15.3% during the 2nd quarter. Vest Financial LLC now owns 15,788 shares of the company's stock valued at $464,000 after buying an additional 2,099 shares during the last quarter. Finally, Ellis Investment Partners LLC lifted its holdings in shares of Gen Digital by 1.5% during the 2nd quarter. Ellis Investment Partners LLC now owns 40,226 shares of the company's stock valued at $1,183,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Stock Up 0.2%

GEN opened at $26.52 on Friday. The business has a 50 day moving average price of $29.25 and a 200 day moving average price of $28.47. Gen Digital Inc. has a twelve month low of $22.74 and a twelve 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 firm has a market cap of $16.33 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion during 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%.The company's revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the company earned $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. Research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Gen Digital from a "hold" rating to a "buy" rating in a report on Sunday, October 12th. B. Riley assumed coverage on Gen Digital in a report on Monday, July 14th. They set a "buy" rating and a $46.00 price target for the company. Jefferies Financial Group assumed coverage on Gen Digital in a report on Friday, October 3rd. They set a "hold" rating and a $31.00 price target for the company. Wells Fargo & Company lifted their price target on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Morgan Stanley lifted their price target 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 equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.71.

Gen Digital Company 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.

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