Tealwood Asset Management Inc. Has $2.50 Million Stock Position in Gen Digital Inc. $GEN

Key Points

• Tealwood Asset Management Inc. reduced its stake in Gen Digital by 18.0%, holding 84,975 shares worth approximately $2.50 million, representing 1.1% of its portfolio.
• Gen Digital reported earnings of $0.64 per share, exceeding analyst estimates, along with a revenue increase of 30.3% year-over-year, totaling $1.26 billion.
• Institutional investors and hedge funds own 81.38% of Gen Digital's stock, indicating strong institutional support for the company.

Tealwood Asset Management Inc. trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 18.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,975 shares of the company's stock after selling 18,646 shares during the quarter. Gen Digital comprises 1.1% of Tealwood Asset Management Inc.'s portfolio, making the stock its 27th biggest holding. Tealwood Asset Management Inc.'s holdings in Gen Digital were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Gen Digital by 3,511.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 391,176 shares of the company's stock valued at $11,501,000 after acquiring an additional 380,343 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Gen Digital by 23.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 10,473 shares of the company's stock valued at $308,000 after purchasing an additional 1,980 shares during the last quarter. Kendall Capital Management grew its holdings in Gen Digital by 63.0% during the second quarter. Kendall Capital Management now owns 98,845 shares of the company's stock valued at $2,906,000 after purchasing an additional 38,205 shares during the last quarter. Patton Fund Management Inc. acquired a new position in Gen Digital during the second quarter valued at approximately $256,000. Finally, Novem Group acquired a new position in Gen Digital during the second quarter valued at approximately $908,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Stock Down 0.0%

GEN stock opened at $28.79 on Tuesday. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a market cap of $17.73 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The business's 50-day simple moving average is $29.94 and its 200 day simple moving average is $28.48. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced 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 return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.53 EPS. Gen Digital's revenue for the quarter 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 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 18th. Gen Digital's payout ratio is 51.55%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEN. Evercore ISI began coverage on shares of Gen Digital in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price on the stock. Morgan Stanley raised their price target on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 2nd. Barclays raised their price target 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. Wells Fargo & Company raised their target price on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada raised their target price on Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. One 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.50.

Gen Digital Company 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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