Gen Digital Inc. $GEN Shares Bought by First Hawaiian Bank

Key Points

• First Hawaiian Bank significantly increased its stake in Gen Digital Inc. by 129.6%, acquiring an additional 42,488 shares in the first quarter, bringing its total holdings to 75,278 shares valued at approximately $1,998,000.
• Gen Digital reported a 30.3% increase in revenue year-over-year, with an EPS of $0.64 for the last quarter, exceeding analysts' expectations.
• The company recently declared a quarterly dividend of $0.125 per share, translating to an annualized dividend of $0.50 and a yield of 1.7%.

First Hawaiian Bank increased its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 129.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,278 shares of the company's stock after buying an additional 42,488 shares during the period. First Hawaiian Bank's holdings in Gen Digital were worth $1,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GEN. Modern Wealth Management LLC acquired a new stake in Gen Digital during the first quarter worth approximately $423,000. Strs Ohio purchased a new position in shares of Gen Digital during the 1st quarter worth $1,505,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 1,183 shares during the period. Focus Partners Wealth boosted its holdings in shares of Gen Digital by 9.7% during the first quarter. Focus Partners Wealth now owns 22,347 shares of the company's stock worth $593,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Gen Digital in the first quarter valued at $2,389,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Stock Down 1.8%

NASDAQ GEN opened at $29.14 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The business has a 50 day moving average price of $30.18 and a two-hundred day moving average price of $28.35. The stock has a market cap of $17.95 billion, a PE ratio of 30.04, a P/E/G ratio of 1.00 and a beta of 0.99.

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

Gen Digital Dividend Announcement

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

Wall Street Analyst Weigh In

GEN has been the topic of several recent analyst reports. Morgan Stanley increased their target price on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. B. Riley initiated coverage on shares of Gen Digital in a report on Monday, July 14th. They set a "buy" rating and a $46.00 price objective on the stock. Wells Fargo & Company raised 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. Wall Street Zen downgraded shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Barclays increased 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 note on Friday, August 8th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

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.

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