Mirae Asset Global Investments Co. Ltd. Has $3.06 Million Stake in Gen Digital Inc. $GEN

Key Points

• Mirae Asset Global Investments increased its stake in Gen Digital Inc. by 17% during Q2, holding 104,221 shares valued at approximately $3.06 million.
• In addition, Allspring Global Investments significantly raised its position by 132% during the same period, now owning 599,821 shares valued at around $16.03 million.
• Gen Digital reported a quarterly earnings per share of $0.64, exceeding estimates and showing a 30.3% revenue increase year-over-year, with Q2 2026 guidance set between 0.600-0.620 EPS.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,221 shares of the company's stock after acquiring an additional 15,126 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Gen Digital were worth $3,064,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Gen Digital by 132.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock valued at $16,039,000 after buying an additional 341,533 shares during the last quarter. Mather Group LLC. raised its position in shares of Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after buying an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Gen Digital during the first quarter valued at about $377,000. Exchange Traded Concepts LLC raised its position in shares of Gen Digital by 52.4% during the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock valued at $296,000 after buying an additional 3,830 shares during the last quarter. Finally, Kendall Capital Management raised its position in shares of Gen Digital by 20.0% during the first quarter. Kendall Capital Management now owns 60,640 shares of the company's stock valued at $1,609,000 after buying an additional 10,105 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $27.30 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 0.93 and a beta of 0.94. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The firm's 50-day moving average price is $29.62 and its two-hundred day moving average price is $28.48.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. 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. On average, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

Analysts Set New Price Targets

GEN has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. B. Riley initiated 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 on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Gen Digital in a research note on Saturday, September 27th. Jefferies Financial Group initiated coverage on shares of Gen Digital in a research note on Friday. They issued a "hold" rating and a $31.00 target price on the stock. Finally, Wall Street Zen cut shares of Gen Digital from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.71.

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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