Czech National Bank Has $3.92 Million Position in Gen Digital Inc. $GEN

Key Points

• Czech National Bank increased its stake in Gen Digital Inc. by 7.1% during the second quarter, acquiring a total of 133,390 shares valued at approximately $3.9 million.
• Several institutional investors have also made significant changes to their positions in Gen Digital, with Vanguard Group Inc. now holding over 69 million shares, valued at about $1.85 billion, reflecting a strong interest from larger funds.
• Gen Digital reported a 30.3% year-over-year increase in revenue for the last quarter, reaching $1.26 billion, along with earnings per share of $0.64, surpassing estimates.

Czech National Bank raised its stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,390 shares of the company's stock after acquiring an additional 8,822 shares during the quarter. Czech National Bank's holdings in Gen Digital were worth $3,922,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC increased its stake in shares of Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares during the period. Geneos Wealth Management Inc. increased its position in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after buying an additional 1,183 shares during the period. Tsfg LLC acquired a new stake in shares of Gen Digital during the first quarter worth $52,000. Rise Advisors LLC lifted its holdings in shares of Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after buying an additional 381 shares in the last quarter. Finally, Capital Analysts LLC bought a new stake in shares of Gen Digital in the first quarter valued at about $85,000. Institutional investors own 81.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEN. Barclays raised their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Wells Fargo & Company increased their target price on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. B. Riley began 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 for the company. Morgan Stanley boosted their price target on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada increased their price target on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.50.

Gen Digital Price Performance

Shares of NASDAQ:GEN traded down $0.15 during midday trading on Monday, hitting $28.84. The stock had a trading volume of 2,914,888 shares, compared to its average volume of 3,675,273. The company's 50-day moving average price is $30.07 and its 200-day moving average price is $28.41. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week 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 has a market capitalization of $17.76 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $0.53 EPS. The firm's revenue for the quarter was up 30.3% on a year-over-year basis. 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 predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Gen Digital's payout ratio is 51.55%.

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.