30,300 Shares in Gen Digital Inc. $GEN Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new position in Gen Digital Inc. (NASDAQ:GEN) during the third quarter, HoldingsChannel reports. The institutional investor acquired 30,300 shares of the company’s stock, valued at approximately $860,000.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management grew its stake in shares of Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Gen Digital in the second quarter worth $32,000. True Wealth Design LLC grew its stake in shares of Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Gen Digital in the second quarter worth $44,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Gen Digital during the second quarter valued at $47,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Royal Bank Of Canada cut their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Evercore raised their price target on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Barclays lowered their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and an average target price of $35.29.

Gen Digital Stock Performance

Shares of NASDAQ GEN opened at $21.65 on Tuesday. The firm’s 50-day moving average price is $25.44 and its 200-day moving average price is $27.16. Gen Digital Inc. has a 52-week low of $21.33 and a 52-week high of $32.22. The company has a market cap of $13.11 billion, a PE ratio of 22.32, a PEG ratio of 0.74 and a beta of 1.09. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. As a group, analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, February 13th. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.30% of the stock is currently owned by company insiders.

Gen Digital Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.