QRG Capital Management Inc. Grows Stock Holdings in Gen Digital Inc. $GEN

Key Points

• QRG Capital Management Inc. increased its stake in Gen Digital Inc. by 48.0% during the second quarter, bringing its total holdings to 126,307 shares valued at approximately $3.7 million.
• Multiple institutional investors, including Robeco Institutional Asset Management B.V. and J. Safra Sarasin Holding AG, have significantly boosted their positions, showing strong interest in the stock.
• Gen Digital reported an earnings per share (EPS) of $0.64 for the last quarter, exceeding analyst expectations, with a revenue increase of 30.3% year-over-year.

QRG Capital Management Inc. grew its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 48.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,307 shares of the company's stock after buying an additional 40,938 shares during the quarter. QRG Capital Management Inc.'s holdings in Gen Digital were worth $3,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Gen Digital by 17.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,221 shares of the company's stock valued at $3,064,000 after acquiring an additional 15,126 shares during the period. J. Safra Sarasin Holding AG lifted its position in shares of Gen Digital by 81.0% during the second quarter. J. Safra Sarasin Holding AG now owns 94,693 shares of the company's stock worth $2,784,000 after purchasing an additional 42,383 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Gen Digital by 328.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company's stock valued at $71,145,000 after purchasing an additional 1,855,504 shares during the period. Forza Wealth Management LLC boosted its stake in shares of Gen Digital by 19.8% in the second quarter. Forza Wealth Management LLC now owns 17,572 shares of the company's stock valued at $517,000 after purchasing an additional 2,908 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of Gen Digital by 9.2% in the second quarter. PFG Investments LLC now owns 9,902 shares of the company's stock valued at $291,000 after purchasing an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GEN shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gen Digital in a report on Saturday, September 27th. Barclays upped their price objective 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. 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. Evercore ISI began coverage on Gen Digital in a report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target on the stock. Finally, Jefferies Financial Group began coverage on Gen Digital in a research note on Friday. They issued a "hold" rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.71.

Gen Digital Stock Down 0.3%

Gen Digital stock opened at $27.75 on Tuesday. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a market cap of $17.09 billion, a PE ratio of 28.61, a P/E/G ratio of 0.94 and a beta of 0.94. The stock's fifty day moving average is $29.68 and its two-hundred day moving average is $28.49.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data 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. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the firm posted $0.53 EPS. The business'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, sell-side analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

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

Gen Digital 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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