Kendall Capital Management Has $2.91 Million Stock Holdings in Gen Digital Inc. $GEN

Key Points

• Kendall Capital Management increased its stake in Gen Digital Inc. by 63.0% during Q2, holding 98,845 shares worth approximately $2.91 million.
• Gen Digital reported a quarterly EPS of $0.64, exceeding analysts' expectations, with a revenue of $1.26 billion, representing a 30.3% year-over-year increase.
• The company declared a quarterly dividend of $0.125 per share, translating to an annualized dividend yield of 1.7%, with a payout ratio of 51.55%.

Kendall Capital Management increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 63.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,845 shares of the company's stock after purchasing an additional 38,205 shares during the period. Kendall Capital Management's holdings in Gen Digital were worth $2,906,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC lifted its stake in Gen Digital by 117.6% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after buying an additional 854 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. Tsfg LLC bought a new stake in shares of Gen Digital in the 1st quarter valued at $52,000. Rise Advisors LLC lifted its position in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after acquiring an additional 381 shares during the period. Finally, Capital Analysts LLC bought a new position in Gen Digital during the first quarter worth $85,000. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Up 1.1%

GEN stock opened at $28.80 on Friday. The stock's 50 day moving average is $29.97 and its 200-day moving average is $28.44. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The firm has a market capitalization of $17.74 billion, a PE ratio of 29.69, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results 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 return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $0.53 EPS. Gen Digital's quarterly 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. Sell-side analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GEN shares. Wells Fargo & Company lifted their price target on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Evercore ISI started coverage on Gen Digital in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price for the company. Royal Bank Of Canada boosted their target price on Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Barclays upped their price target on 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, Wall Street Zen cut Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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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