Korea Investment CORP Boosts Stake in Gen Digital Inc. $GEN

Key Points

• Korea Investment CORP increased its stake in Gen Digital by 124.3% in Q1, acquiring 304,600 shares to reach a total of 549,683 shares valued at approximately $14.6 million.
• Analysts have raised price targets for Gen Digital, with notable increases from Wells Fargo to $40.00 and Barclays to $33.00, while the stock currently has an average rating of "Moderate Buy".
• The company reported $0.64 earnings per share for the last quarter, surpassing estimates, with a 30.3% year-over-year revenue growth, alongside announcing a $0.125 quarterly dividend.

Korea Investment CORP grew its stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 124.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,683 shares of the company's stock after acquiring an additional 304,600 shares during the period. Korea Investment CORP owned 0.09% of Gen Digital worth $14,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC grew its stake in 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 acquiring an additional 854 shares in the last quarter. Tsfg LLC purchased a new stake in shares of Gen Digital in the 1st quarter worth approximately $52,000. Mather Group LLC. lifted its position in shares of Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares during the period. Curat Global LLC purchased a new stake in shares of Gen Digital in the 1st quarter worth approximately $154,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Gen Digital in the 1st quarter worth approximately $212,000. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Up 1.3%

NASDAQ:GEN traded up $0.39 during midday trading on Friday, reaching $31.58. 3,609,020 shares of the stock traded hands, compared to its average volume of 4,023,761. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. The business has a 50-day moving average of $30.07 and a two-hundred day moving average of $28.11. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The stock has a market capitalization of $19.45 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its 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 net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Gen Digital's revenue for the quarter 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. On average, equities analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced 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 dividend payout ratio is presently 51.55%.

Analyst Upgrades and Downgrades

Several equities 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 price target for the company. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Royal Bank Of Canada upped their price target 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. Evercore ISI assumed coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 price target for the company. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Gen Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

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.