Kayne Anderson Rudnick Investment Management LLC Has $498,000 Position in Gen Digital Inc. $GEN

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Gen Digital Inc. by 315% in the first quarter, now holding 18,762 shares valued at $498,000.
• Gen Digital reported a $0.64 EPS for the quarter, exceeding the consensus estimate of $0.60, and had a 30.3% increase in revenue year-over-year, totaling $1.26 billion.
• The company recently announced a quarterly dividend of $0.125, providing an annualized yield of 1.6%, with a payout ratio of 51.55%.

Kayne Anderson Rudnick Investment Management LLC raised its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 315.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,762 shares of the company's stock after acquiring an additional 14,241 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Gen Digital were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC raised its holdings in Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after buying an additional 854 shares during the period. Tsfg LLC acquired a new position in Gen Digital in the first quarter worth approximately $52,000. Capital Analysts LLC acquired a new position in Gen Digital in the first quarter worth approximately $85,000. Mather Group LLC. boosted its position in Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares during the period. Finally, Curat Global LLC bought a new stake in Gen Digital during the first quarter worth approximately $154,000. 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 research reports. Barclays increased their price objective on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price for the company. B. Riley initiated coverage on Gen Digital in a research note on Monday, July 14th. They set a "buy" rating and a $46.00 price objective for the company. Wells Fargo & Company increased 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. Finally, Royal Bank Of Canada raised their target price on Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Gen Digital presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Trading Down 0.0%

Gen Digital stock traded down $0.01 during mid-day trading on Friday, hitting $30.20. The stock had a trading volume of 4,825,447 shares, compared to its average volume of 4,336,401. The stock has a 50-day simple moving average of $30.18 and a two-hundred day simple moving average of $28.21. The stock has a market capitalization of $18.60 billion, a PE ratio of 31.13, a P/E/G ratio of 1.01 and a beta of 1.00. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.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 firm earned $0.53 EPS. Gen Digital's revenue for the quarter was up 30.3% compared to the same quarter last year. 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, sell-side analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's dividend payout ratio (DPR) 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.