Capital Fund Management S.A. Raises Stock Holdings in Gen Digital Inc. $GEN

Key Points

• Capital Fund Management S.A. increased its stake in Gen Digital Inc. (NASDAQ:GEN) by 69% during the first quarter, now holding 86,340 shares valued at approximately $2.29 million.
• Gen Digital reported strong quarterly earnings with an EPS of $0.64, surpassing expectations, and announced a quarterly dividend of $0.125, yielding 1.6%.
• Analysts have varied targets for Gen Digital, with prices ranging from $33 to $46, and the stock currently holds an average rating of "Moderate Buy."

Capital Fund Management S.A. increased its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 69.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,340 shares of the company's stock after purchasing an additional 35,246 shares during the quarter. Capital Fund Management S.A.'s holdings in Gen Digital were worth $2,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Gen Digital during the first quarter worth about $299,562,000. Boston Partners increased its position in Gen Digital by 37.3% in the 1st quarter. Boston Partners now owns 13,358,167 shares of the company's stock valued at $354,456,000 after acquiring an additional 3,631,052 shares during the period. Vanguard Group Inc. raised its stake in shares of Gen Digital by 3.7% during the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock valued at $1,849,593,000 after acquiring an additional 2,513,464 shares during the last quarter. Northern Trust Corp raised its position in Gen Digital by 14.3% during the 1st quarter. Northern Trust Corp now owns 7,689,268 shares of the company's stock worth $204,073,000 after purchasing an additional 962,228 shares during the last quarter. Finally, Todd Asset Management LLC bought a new stake in Gen Digital in the first quarter valued at approximately $25,432,000. Institutional investors own 81.38% of the company's stock.

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Evercore ISI started coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price for the company. Barclays increased their price target 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. Finally, B. Riley started coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Price Performance

GEN traded down $0.01 during trading on Friday, reaching $30.20. The stock had a trading volume of 4,825,447 shares, compared to its average volume of 4,336,401. 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 business has a 50-day moving average of $30.18 and a 200-day moving average of $28.21. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The stock has a market cap of $18.60 billion, a PE ratio of 31.13, a PEG ratio of 1.01 and a beta of 1.00.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm 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%.The company's revenue was up 30.3% on a year-over-year basis. During the same period in the prior 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. As a group, equities research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

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