Landscape Capital Management L.L.C. Raises Stake in Gen Digital Inc. $GEN

Key Points

• Landscape Capital Management L.L.C. increased its stake in Gen Digital Inc. by 37.1%, owning 55,290 shares valued at approximately $1.47 million.
• Gen Digital reported an earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' expectations, with a year-over-year revenue growth of 30.3%.
• The company announced a quarterly dividend of $0.125 per share, equating to an annualized yield of 1.7%, with a payout ratio of 51.55%.

Landscape Capital Management L.L.C. grew its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 37.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,290 shares of the company's stock after buying an additional 14,948 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Gen Digital were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GEN. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Gen Digital during the fourth quarter valued at approximately $14,367,000. QSM Asset Management Ltd bought a new stake in Gen Digital during the fourth quarter valued at approximately $5,373,000. Brighton Jones LLC grew its position in Gen Digital by 5.4% during the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after buying an additional 1,299 shares during the period. Wellington Management Group LLP grew its position in Gen Digital by 98.8% during the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after buying an additional 56,993 shares during the period. Finally, Kera Capital Partners Inc. grew its position in Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after buying an additional 3,466 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Price Performance

Shares of Gen Digital stock traded down $0.70 on Tuesday, hitting $29.50. 4,106,149 shares of the company traded hands, compared to its average volume of 4,141,002. The stock has a market capitalization of $18.17 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The business has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $28.23.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's payout ratio is presently 51.55%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEN. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 target price for the company. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Evercore ISI began coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They set an "outperform" rating and a $35.00 target price on the stock. Morgan Stanley raised their target price on shares of Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Barclays raised 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 note on Friday, August 8th. One investment 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.