Russell Investments Group Ltd. Purchases 221,924 Shares of Gen Digital Inc. $GEN

Russell Investments Group Ltd. boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 80.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 499,354 shares of the company's stock after acquiring an additional 221,924 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Gen Digital worth $13,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEN. Catalyst Capital Advisors LLC raised its stake in shares of Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after purchasing an additional 854 shares during the period. Tsfg LLC acquired a new stake in shares of Gen Digital in the 1st quarter valued at about $52,000. Mather Group LLC. raised its stake in shares of Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after purchasing an additional 783 shares during the period. Curat Global LLC acquired a new stake in shares of Gen Digital in the first quarter valued at about $154,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Gen Digital in the first quarter valued at about $212,000. 81.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GEN has been the topic of a number of recent research reports. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Barclays lifted their target price on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target 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. Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target 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 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.33.

Gen Digital Price Performance

Shares of GEN stock traded down $0.06 during trading on Wednesday, hitting $31.44. The company had a trading volume of 3,222,416 shares, compared to its average volume of 4,143,842. 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 firm has a market capitalization of $19.36 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The stock's 50-day moving average price is $29.98 and its 200 day moving average price is $28.03. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22.

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 the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion during 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 revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, August 18th. Gen Digital's dividend payout ratio is presently 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.