Gen Digital Inc. $GEN Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its stake in Gen Digital Inc. by 15.0% during the 2nd quarter, now holding approximately 0.13% of the company with shares valued at $23,887,000.
• Gen Digital reported a 30.3% year-over-year revenue increase, totaling $1.26 billion for the quarter, and earnings per share (EPS) of $0.64, exceeding estimates by $0.04.
• The company has announced a quarterly dividend of $0.125 per share, resulting in an annual yield of 1.7% and a payout ratio of 51.55%.

Swedbank AB lifted its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 812,468 shares of the company's stock after purchasing an additional 105,679 shares during the period. Swedbank AB owned about 0.13% of Gen Digital worth $23,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GEN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Gen Digital in the 4th quarter valued at $14,367,000. QSM Asset Management Ltd acquired a new position in shares of Gen Digital in the 4th quarter valued at $5,373,000. Brighton Jones LLC lifted its stake in shares of Gen Digital by 5.4% in the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after purchasing an additional 1,299 shares during the period. Wellington Management Group LLP lifted its stake in shares of Gen Digital by 98.8% in the 4th quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares during the period. Finally, Kera Capital Partners Inc. raised its position in Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock worth $313,000 after acquiring an additional 3,466 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Trading Up 0.5%

Shares of GEN stock opened at $28.99 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $17.85 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The company has a 50-day moving average of $30.08 and a two-hundred day moving average of $28.40. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued 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. 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 quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 1.7%. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

A number of research firms have weighed in on GEN. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Wells Fargo & Company upped their price objective 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. Barclays upped their price objective 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. Finally, Evercore ISI initiated coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price objective for the company. One 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.50.

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.

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