MBB Public Markets I LLC Purchases New Stake in Gen Digital Inc. $GEN

Key Points

• MBB Public Markets I LLC has made a new investment of approximately $320,000 in Gen Digital Inc. by acquiring 12,060 shares in the first quarter.
• Gen Digital recently posted earnings of $0.64 per share, exceeding analysts' estimates, and reported a revenue of $1.26 billion for the quarter.
• The company has announced a quarterly dividend of $0.125 per share, which will be paid on September 10th, representing an annualized dividend yield of 1.7%.

MBB Public Markets I LLC acquired a new position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,060 shares of the company's stock, valued at approximately $320,000.

Several other hedge funds have also bought and sold shares of the business. Catalyst Capital Advisors LLC lifted its stake in shares of Gen Digital by 117.6% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after buying an additional 854 shares in the last quarter. Tsfg LLC purchased a new stake in Gen Digital during the first quarter valued at approximately $52,000. Rise Advisors LLC increased its holdings in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after buying an additional 381 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of Gen Digital in the first quarter worth $85,000. Finally, Mather Group LLC. increased its stake in shares of Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares in the last quarter. Institutional investors own 81.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 objective for the company. Barclays raised 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 note on Friday, August 8th. Morgan Stanley raised their target price on shares of Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada lifted their price objective 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. Finally, B. Riley began coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.50.

Gen Digital Trading Down 1.8%

Shares of GEN stock traded down $0.53 during trading hours on Friday, hitting $29.14. The company had a trading volume of 2,865,835 shares, compared to its average volume of 3,420,315. The company's fifty day moving average is $30.18 and its 200 day moving average is $28.35. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The stock has a market capitalization of $17.95 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company'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. Research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 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.