SteelPeak Wealth LLC purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 92,997 shares of the company's stock, valued at approximately $2,734,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC grew its position in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after buying an additional 854 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after purchasing an additional 1,183 shares during the last quarter. Tsfg LLC purchased a new stake in shares of Gen Digital during the 1st quarter worth $52,000. Rise Advisors LLC lifted its stake in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after purchasing an additional 381 shares during the last quarter. Finally, Capital Analysts LLC purchased a new stake in shares of Gen Digital during the 1st quarter worth $85,000. Institutional investors own 81.38% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on GEN. 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 note on Friday, August 8th. Jefferies Financial Group began coverage on Gen Digital in a research note on Friday. They set a "hold" rating and a $31.00 price objective for the company. B. Riley began coverage on Gen Digital in a research note on Monday, July 14th. They set a "buy" rating and a $46.00 price objective for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research note on Saturday, September 27th. Finally, Morgan Stanley increased their price target on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given 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.
View Our Latest Research Report on Gen Digital
Gen Digital Trading Down 1.6%
Gen Digital stock opened at $27.30 on Wednesday. The stock has a 50-day moving average of $29.62 and a two-hundred day moving average of $28.48. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The stock has a market cap of $16.81 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94.
Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business posted $0.53 earnings per share. 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, research analysts anticipate 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. Stockholders of record on Monday, August 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is presently 51.55%.
About Gen Digital
(
Free Report)
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.
See Also
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).
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