Vident Advisory LLC Makes New Investment in Gen Digital Inc. $GEN

Key Points

• Vident Advisory LLC invested $384,000 in Gen Digital Inc. by purchasing 14,466 shares during the first quarter, highlighting increased institutional interest in the company.
• Gen Digital recently reported earnings of $0.64 per share, exceeding analyst expectations, with quarterly revenue reaching $1.26 billion, a year-over-year increase of 30.3%.
• The company declared a quarterly dividend of $0.125 per share, translating to an annualized dividend yield of 1.7% based on its current pay-out ratio of 51.55%.

Vident Advisory LLC bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,466 shares of the company's stock, valued at approximately $384,000.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its holdings 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 in the last quarter. Tsfg LLC acquired a new stake in shares of Gen Digital during the 1st quarter worth $52,000. Capital Analysts LLC acquired a new stake in shares of Gen Digital during the 1st quarter worth $85,000. Mather Group LLC. grew 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 in the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Gen Digital during the 1st quarter worth $154,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Trading Down 1.8%

Shares of GEN traded down $0.53 during mid-day trading on Friday, reaching $29.14. 2,865,835 shares of the company were exchanged, compared to its average volume of 3,420,315. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22. 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 stock has a market capitalization of $17.95 billion, a PE ratio of 30.04, a PEG ratio of 1.00 and a beta of 0.99. The business has a 50 day simple moving average of $30.18 and a two-hundred day simple moving average of $28.35.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.19 billion. During the same period last year, the company earned $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, analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 18th. Gen Digital's dividend payout ratio (DPR) is 51.55%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GEN shares. Royal Bank Of Canada upped their price objective 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. Wells Fargo & Company upped their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. B. Riley started coverage on Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 price objective for the company. Morgan Stanley upped their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Finally, Barclays increased 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. 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 MarketBeat.com, Gen Digital 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.