MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $48.75 Million Stock Holdings in Gen Digital Inc. $GEN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Gen Digital Inc. by 8.3% during the 1st quarter, acquiring a total of 1,836,902 shares worth approximately $48.75 million.
• Despite receiving mixed ratings from analysts, with the overall rating at "Moderate Buy", several firms have raised their price targets for the stock, with Morgan Stanley setting a target of $32.00 and Wells Fargo increasing theirs to $40.00.
• Gen Digital recently reported strong earnings, with $1.26 billion in revenue and $0.64 earnings per share, surpassing analysts' expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,836,902 shares of the company's stock after purchasing an additional 140,197 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.30% of Gen Digital worth $48,750,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Catalyst Capital Advisors LLC increased its holdings in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after buying an additional 854 shares during the period. Tsfg LLC purchased a new position in shares of Gen Digital in the first quarter worth about $52,000. Capital Analysts LLC acquired a new stake in shares of Gen Digital in the first quarter valued at approximately $85,000. Mather Group LLC. lifted its holdings in Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in Gen Digital in the first quarter valued at approximately $154,000. Institutional investors own 81.38% of the company's stock.

Wall Street Analysts Forecast Growth

GEN has been the topic of a number of analyst reports. Barclays raised their price target on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Wall Street Zen lowered Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Morgan Stanley lifted their target price on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada raised their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company increased their price target on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $36.50.

Gen Digital Price Performance

GEN traded up $0.34 during midday trading on Thursday, hitting $29.59. The company had a trading volume of 1,001,953 shares, compared to its average volume of 4,090,136. 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 company has a market capitalization of $18.22 billion, a PE ratio of 30.53, a P/E/G ratio of 0.99 and a beta of 0.99. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The firm's 50-day simple moving average is $30.22 and its 200-day simple moving average is $28.32.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the company posted $0.53 EPS. The company's quarterly revenue 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. Equities research analysts predict 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 dividend of $0.125 per share. The ex-dividend date was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.

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.