Gen Digital Inc. $GEN Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Gen Digital Inc. by 12.9% during the first quarter, owning 129,504 shares worth approximately $3.44 million.
• Gen Digital reported a quarterly earnings per share (EPS) of $0.64, exceeding the consensus estimate of $0.60, with revenues of $1.26 billion, up 30.3% year-over-year.
• The company also declared a quarterly dividend of $0.125, providing an annualized yield of 1.7% for investors, with a payout ratio of 51.55%.

Wellington Management Group LLP boosted its position in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,504 shares of the company's stock after buying an additional 14,805 shares during the period. Wellington Management Group LLP's holdings in Gen Digital were worth $3,437,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Gen Digital by 132.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock worth $16,039,000 after acquiring an additional 341,533 shares during the period. Mather Group LLC. raised its holdings in Gen Digital by 26.6% during the first 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. Cornerstone Wealth Group LLC acquired a new stake in Gen Digital in the first quarter valued at about $377,000. Exchange Traded Concepts LLC lifted its position in Gen Digital by 52.4% in the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock valued at $296,000 after purchasing an additional 3,830 shares during the period. Finally, Kendall Capital Management boosted its holdings in Gen Digital by 20.0% in the 1st quarter. Kendall Capital Management now owns 60,640 shares of the company's stock valued at $1,609,000 after purchasing an additional 10,105 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Trading Down 2.3%

Shares of GEN traded down $0.70 on Tuesday, hitting $29.50. 4,106,149 shares of the stock traded hands, compared to its average volume of 4,141,002. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The stock's 50 day moving average is $30.21 and its two-hundred day moving average is $28.23. The firm has a market capitalization of $18.17 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.01 and a beta of 0.99. 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.53 EPS. Gen Digital's 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, sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

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

Analyst Ratings Changes

GEN has been the subject of a number of analyst reports. Barclays increased their target price 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. 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 report on Tuesday. Wall Street Zen downgraded Gen Digital from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a "buy" rating and a $46.00 target price on the stock. Finally, Royal Bank Of Canada upped their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.