Twin Tree Management LP Boosts Stock Holdings in Gen Digital Inc. $GEN

Key Points

• Twin Tree Management LP increased its stake in Gen Digital Inc. by 144.9%, holding 50,798 shares valued at $1,348,000 at the end of the 1st quarter.
• Gen Digital reported an EPS of $0.64, exceeding expectations, with a year-over-year revenue increase of 30.3%, totaling $1.26 billion for the quarter.
• The company declared a quarterly dividend of $0.125 per share, translating to an annualized yield of 1.7%, with a payout ratio of 51.55%.

Twin Tree Management LP boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 144.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,798 shares of the company's stock after buying an additional 30,052 shares during the period. Twin Tree Management LP's holdings in Gen Digital were worth $1,348,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GEN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gen Digital by 132.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock worth $16,039,000 after purchasing an additional 341,533 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Gen Digital by 26.6% during the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Gen Digital during the 1st quarter worth approximately $377,000. Wellington Management Group LLP boosted its holdings in shares of Gen Digital by 98.8% during the 4th quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock worth $3,140,000 after purchasing an additional 56,993 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Gen Digital by 52.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock worth $296,000 after purchasing an additional 3,830 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Trading Down 0.0%

GEN opened at $30.20 on Monday. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22. The stock has a market capitalization of $18.60 billion, a PE ratio of 31.13, a P/E/G ratio of 1.01 and a beta of 0.99. The business's 50 day moving average price is $30.18 and its 200 day moving average price is $28.21. 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 (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm's quarterly revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 18th. Gen Digital's dividend payout ratio is 51.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GEN shares. B. Riley started coverage on Gen Digital in a report on Monday, July 14th. They set a "buy" rating and a $46.00 target price on the stock. Royal Bank Of Canada boosted their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Evercore ISI initiated coverage on Gen Digital in a report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 target price on the stock. Wells Fargo & Company upped their price objective on Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Barclays upped their price objective on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.33.

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.

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