Fox Run Management L.L.C. Increases Stake in Gen Digital Inc. $GEN

Key Points

• Fox Run Management L.L.C. increased its stake in Gen Digital Inc. by 26.7%, owning a total of 73,892 shares, valued at approximately $1.96 million.
• Gen Digital announced a **quarterly dividend** of $0.125 per share, set to be paid on September 10th, providing an annualized yield of 1.6%.
• Analysts have a consensus rating of **"Moderate Buy"** for Gen Digital, with price targets ranging from $25 to $40, reflecting positive sentiment around the stock's performance.

Fox Run Management L.L.C. boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 26.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 73,892 shares of the company's stock after purchasing an additional 15,549 shares during the quarter. Fox Run Management L.L.C.'s holdings in Gen Digital were worth $1,961,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Gen Digital during the 4th quarter valued at about $14,367,000. QSM Asset Management Ltd purchased a new stake in shares of Gen Digital during the 4th quarter valued at about $5,373,000. Brighton Jones LLC boosted its holdings in shares of Gen Digital by 5.4% during the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after acquiring an additional 1,299 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Gen Digital by 98.8% during the 4th quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after acquiring an additional 56,993 shares during the last quarter. Finally, Kera Capital Partners Inc. boosted its holdings in shares of Gen Digital by 41.7% during the 1st quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after acquiring an additional 3,466 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Stock Performance

NASDAQ GEN traded up $0.1150 on Tuesday, reaching $31.4850. 1,721,603 shares of the stock were exchanged, compared to its average volume of 4,132,885. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The firm has a market capitalization of $19.39 billion, a PE ratio of 32.44, a PEG ratio of 1.05 and a beta of 1.00. The company's 50-day simple moving average is $29.94 and its two-hundred day simple moving average is $28.00. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last released 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. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the business earned $0.53 EPS. The firm's revenue was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Analysts expect 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 will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 51.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. B. Riley assumed coverage on shares of Gen Digital in a report on Monday, July 14th. They set a "buy" rating and a $46.00 price target on the stock. Wall Street Zen downgraded shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. 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. 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. Finally, Wells Fargo & Company increased their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.33.

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.