Global Endowment Management LP Sells 9,354 Shares of Gen Digital Inc. $GEN

Key Points

• Global Endowment Management LP has significantly reduced its position in Gen Digital Inc. by 52.6%, now holding 8,434 shares valued at $224,000.
• Gen Digital recently reported earnings of $0.64 per share, surpassing analyst expectations, and its revenue increased by 30.3% year-over-year to $1.26 billion.
• The company announced a quarterly dividend of $0.125 per share, with a dividend yield of 1.6% and a payout ratio of 51.55%.

Global Endowment Management LP reduced its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 52.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,434 shares of the company's stock after selling 9,354 shares during the quarter. Global Endowment Management LP's holdings in Gen Digital were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC raised its holdings in shares of Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares in the last quarter. Tsfg LLC bought a new stake in shares of Gen Digital in the 1st quarter worth approximately $52,000. Mather Group LLC. increased its position 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 in the last quarter. Curat Global LLC purchased a new position in shares of Gen Digital in the first quarter worth approximately $154,000. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Gen Digital in the first quarter worth approximately $212,000. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price on the stock. Royal Bank Of Canada lifted their target price 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. Barclays lifted their target price 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. Wall Street Zen downgraded shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Gen Digital has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

Gen Digital Stock Down 0.1%

GEN traded down $0.0370 on Wednesday, reaching $31.4630. 1,843,710 shares of the company traded hands, compared to its average volume of 4,133,017. The stock's 50 day moving average price is $29.98 and its 200-day moving average price is $28.03. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm's revenue was up 30.3% on a year-over-year basis. 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 expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. Gen Digital's payout ratio is presently 51.55%.

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.