USS Investment Management Ltd Reduces Position in Gen Digital Inc. $GEN

Key Points

• USS Investment Management Ltd has reduced its stake in Gen Digital Inc. by 35.1%, now holding 102,066 shares worth approximately $2.7 million.
• Gen Digital reported a 30.3% increase in revenue year-over-year, achieving $1.26 billion for the quarter; it also beat earnings expectations with a reported $0.64 EPS.
• The company announced a quarterly dividend of $0.125 per share, providing shareholders with a yield of 1.7% as part of its financial strategy.

USS Investment Management Ltd lessened its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 35.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,066 shares of the company's stock after selling 55,100 shares during the period. USS Investment Management Ltd's holdings in Gen Digital were worth $2,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rise Advisors LLC grew its position in shares of Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after buying an additional 381 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Gen Digital by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company's stock worth $1,856,000 after acquiring an additional 427 shares during the period. Alps Advisors Inc. increased its stake in shares of Gen Digital by 1.5% in the first quarter. Alps Advisors Inc. now owns 31,540 shares of the company's stock worth $837,000 after acquiring an additional 465 shares during the period. Greenleaf Trust increased its stake in shares of Gen Digital by 3.9% in the first quarter. Greenleaf Trust now owns 18,001 shares of the company's stock worth $478,000 after acquiring an additional 668 shares during the period. Finally, Mather Group LLC. increased its stake in shares of Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after acquiring an additional 783 shares during the period. Institutional investors own 81.38% of the company's stock.

Gen Digital Price Performance

NASDAQ:GEN traded down $0.53 during trading hours on Friday, reaching $29.14. 2,865,835 shares of the company were exchanged, compared to its average volume of 3,420,315. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock's 50-day moving average is $30.18 and its 200-day moving average is $28.35. The firm has a market cap of $17.95 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion during 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 firm's revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the business 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. On average, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal 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 given a dividend of $0.125 per share. 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 dividend payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEN. Barclays increased 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 note on Friday, August 8th. Evercore ISI initiated coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target on the stock. B. Riley initiated coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.50.

Gen Digital Company 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.