Lbp Am Sa Lowers Holdings in Gen Digital Inc. $GEN

Key Points

• Lbp Am Sa reduced its holdings in Gen Digital Inc. by 24.6%, resulting in ownership of 482,239 shares, valued at approximately $14.18 million.
• Analyst ratings for Gen Digital indicate a consensus of "Moderate Buy," with price targets ranging from $32.00 to $46.00 per share.
• Gen Digital recently announced a quarterly dividend of $0.125 per share, translating to an annual yield of 1.8% and a payout ratio of 51.55%.

Lbp Am Sa lessened its stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,239 shares of the company's stock after selling 157,029 shares during the quarter. Lbp Am Sa owned 0.08% of Gen Digital worth $14,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. raised its position in Gen Digital by 15.5% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 170,049 shares of the company's stock worth $4,999,000 after buying an additional 22,884 shares during the last quarter. Truist Financial Corp raised its position in Gen Digital by 7.5% in the 2nd quarter. Truist Financial Corp now owns 75,493 shares of the company's stock worth $2,219,000 after buying an additional 5,286 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Gen Digital by 3,511.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 391,176 shares of the company's stock worth $11,501,000 after buying an additional 380,343 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Gen Digital by 23.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 10,473 shares of the company's stock worth $308,000 after buying an additional 1,980 shares during the last quarter. Finally, Kendall Capital Management raised its position in Gen Digital by 63.0% in the 2nd quarter. Kendall Capital Management now owns 98,845 shares of the company's stock worth $2,906,000 after buying an additional 38,205 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Analyst Ratings Changes

GEN has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada boosted their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. 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 price target for the company. Barclays upped their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Finally, Evercore ISI began coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target for the company. One 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.50.

Gen Digital Trading Down 1.4%

Gen Digital stock opened at $28.39 on Wednesday. The firm has a 50 day moving average of $29.89 and a 200 day moving average of $28.48. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 0.97 and a beta of 0.99. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $32.22. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio is currently 51.55%.

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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