Gen Digital Inc. $GEN Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management significantly increased its stake in Gen Digital Inc. by 43.6% during the first quarter, owning nearly 12.3 million shares valued at approximately $325.7 million.
• Gen Digital reported a 30.3% increase in quarterly revenue, achieving $1.26 billion, and beat earnings expectations with $0.64 per share.
• The company has declared a quarterly dividend of $0.125 per share, representing a 1.7% dividend yield and a payout ratio of 51.55%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 43.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,270,615 shares of the company's stock after purchasing an additional 3,724,211 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.99% of Gen Digital worth $325,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its stake 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 purchasing an additional 854 shares during the last quarter. Tsfg LLC purchased a new position in shares of Gen Digital during the first quarter valued at approximately $52,000. Rise Advisors LLC boosted its position in Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after acquiring an additional 381 shares during the last quarter. Capital Analysts LLC purchased a new stake in Gen Digital in the 1st quarter worth approximately $85,000. Finally, Mather Group LLC. grew its stake in Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after acquiring an additional 783 shares during the period. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Gen Digital Trading Down 1.8%

NASDAQ GEN traded down $0.53 during mid-day trading on Friday, hitting $29.14. The company's stock had a trading volume of 2,865,835 shares, compared to its average volume of 3,420,315. The firm has a market capitalization of $17.95 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The stock's fifty day simple moving average is $30.18 and its two-hundred day simple moving average is $28.35.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business's quarterly 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. Research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GEN shares. Wall Street Zen cut Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. B. Riley began coverage on Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 price target on the stock. Royal Bank Of Canada lifted their price target on Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Wells Fargo & Company increased their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Evercore ISI initiated coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.50.

Gen Digital 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.