Lingohr Asset Management GmbH Decreases Position in Gen Digital Inc. $GEN

Key Points

• Lingohr Asset Management GmbH has reduced its stake in Gen Digital Inc. by 85.1%, leaving it with 26,770 shares, valued at approximately $787,000.
• Gen Digital reported a 30.3% year-over-year increase in revenue for the quarter, totaling $1.26 billion, and beat earnings per share estimates by $0.04.
• The company announced a quarterly dividend of $0.125, representing a 1.7% yield, with a payout ratio of 51.55%.

Lingohr Asset Management GmbH lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 85.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,770 shares of the company's stock after selling 153,494 shares during the period. Gen Digital makes up about 1.4% of Lingohr Asset Management GmbH's portfolio, making the stock its 26th biggest holding. Lingohr Asset Management GmbH's holdings in Gen Digital were worth $787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GEN. Catalyst Capital Advisors LLC raised 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 during the last quarter. Geneos Wealth Management Inc. raised its stake in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after acquiring an additional 1,183 shares during the last quarter. Tsfg LLC purchased a new position in Gen Digital in the 1st quarter worth $52,000. Rise Advisors LLC raised its stake in Gen Digital by 19.2% in the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after acquiring an additional 381 shares during the last quarter. Finally, Capital Analysts LLC purchased a new position in Gen Digital in the 1st quarter worth $85,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Price Performance

NASDAQ:GEN opened at $29.14 on Monday. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $17.95 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The stock's 50-day moving average price is $30.18 and its 200-day moving average price is $28.36.

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 return on equity of 57.99% and a net margin of 14.12%.The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the firm earned $0.53 EPS. The company's quarterly 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. As a group, equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed 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 1.7%. The ex-dividend date was Monday, August 18th. Gen Digital's payout ratio is presently 51.55%.

Wall Street Analyst Weigh In

GEN has been the topic of several analyst reports. Royal Bank Of Canada increased their price target 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. Barclays increased their price target on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target on the stock. Morgan Stanley increased their price target 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. Finally, B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Gen Digital has a consensus rating of "Moderate Buy" and an average price target of $36.50.

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.

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