Gen Digital Inc. $GEN Stake Lifted by Bridgefront Capital LLC

Key Points

• Bridgefront Capital raised its stake in Gen Digital by 401.3% in Q3 to 67,602 shares worth $1.919 million, making the position about 0.6% of the fund and its 14th-largest holding.
• Analyst sentiment is mixed with a MarketBeat consensus rating of "Hold" and an average price target of $32.71, though recent notes include upgrades from Wall Street Zen and Jefferies and a cut in Barclays' price objective to $32.00.
• Gen Digital slightly beat quarterly estimates (EPS $0.64 vs. $0.63; revenue $1.24B, up 25.8% YoY), pays a $0.125 quarterly dividend (≈2.4% yield), and trades with a market cap of about $12.5B and a P/E near 21.3.

Bridgefront Capital LLC raised its stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 401.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 67,602 shares of the company's stock after buying an additional 54,118 shares during the quarter. Gen Digital makes up about 0.6% of Bridgefront Capital LLC's investment portfolio, making the stock its 14th largest holding. Bridgefront Capital LLC's holdings in Gen Digital were worth $1,919,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Choreo LLC lifted its position in Gen Digital by 3.2% in the 2nd quarter. Choreo LLC now owns 10,116 shares of the company's stock valued at $297,000 after purchasing an additional 315 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company's stock valued at $279,000 after acquiring an additional 357 shares in the last quarter. Clearstead Advisors LLC boosted its position in Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company's stock worth $35,000 after acquiring an additional 400 shares during the period. Vident Advisory LLC boosted its position in Gen Digital by 1.6% during the 3rd quarter. Vident Advisory LLC now owns 26,906 shares of the company's stock worth $764,000 after acquiring an additional 428 shares during the period. Finally, CX Institutional increased its holdings in shares of Gen Digital by 0.9% during the third quarter. CX Institutional now owns 55,971 shares of the company's stock valued at $1,589,000 after purchasing an additional 478 shares during the period. Institutional investors own 81.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GEN shares. Wall Street Zen upgraded shares of Gen Digital from a "hold" rating to a "buy" rating in a research report on Sunday, February 8th. Zacks Research upgraded shares of Gen Digital from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research report on Thursday, January 22nd. Barclays dropped their price objective on Gen Digital from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, February 6th. Finally, Jefferies Financial Group upgraded shares of Gen Digital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $32.71.

Gen Digital Stock Performance

GEN opened at $20.68 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The firm has a market cap of $12.53 billion, a PE ratio of 21.32, a P/E/G ratio of 0.69 and a beta of 1.11. The business has a fifty day simple moving average of $23.94 and a 200-day simple moving average of $26.29. Gen Digital Inc. has a fifty-two week low of $20.61 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. Gen Digital's revenue for the quarter was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. As a group, equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, February 13th. Gen Digital's payout ratio is presently 51.55%.

Gen Digital Company Profile

Gen Digital NASDAQ: GEN is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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