Robeco Institutional Asset Management B.V. Raises Stake in Gen Digital Inc. $GEN

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Gen Digital Inc. by 328.8% during Q2, owning approximately 2.4 million shares worth around $71.1 million.
• Gen Digital reported a quarterly EPS of $0.64, exceeding estimates and reflecting a 30.3% year-over-year revenue increase of $1.26 billion.
• The company declared a quarterly dividend of $0.125 per share, which represents an annualized yield of 1.8%.

Robeco Institutional Asset Management B.V. boosted its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 328.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,419,895 shares of the company's stock after buying an additional 1,855,504 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.39% of Gen Digital worth $71,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GEN. Wellington Management Group LLP boosted its position in Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after buying an additional 56,993 shares during the last quarter. GAMMA Investing LLC boosted its position in Gen Digital by 2,954.9% in the first quarter. GAMMA Investing LLC now owns 322,169 shares of the company's stock valued at $8,550,000 after buying an additional 311,623 shares during the last quarter. Rhumbline Advisers boosted its position in Gen Digital by 6.6% in the first quarter. Rhumbline Advisers now owns 1,116,301 shares of the company's stock valued at $29,627,000 after buying an additional 69,558 shares during the last quarter. Czech National Bank boosted its position in Gen Digital by 5.9% in the first quarter. Czech National Bank now owns 124,568 shares of the company's stock valued at $3,306,000 after buying an additional 6,995 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Gen Digital in the 1st quarter worth approximately $273,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Trading Down 0.1%

Shares of GEN stock opened at $28.08 on Friday. 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 company has a market cap of $17.29 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 0.95 and a beta of 0.94. The stock has a 50 day simple moving average of $29.79 and a 200-day simple moving average of $28.48. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $0.53 EPS. The firm's 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 research 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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

Several research firms have commented on GEN. Royal Bank Of Canada upped their price objective 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 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 upped their price objective 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. B. Riley began coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.50.

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.

Want to see what other hedge funds are holding GEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gen Digital Inc. (NASDAQ:GEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.