Lingohr Asset Management GmbH Grows Stock Position in Gen Digital Inc. $GEN

Lingohr Asset Management GmbH increased its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 1,150.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334,770 shares of the company’s stock after purchasing an additional 308,000 shares during the quarter. Gen Digital accounts for about 2.3% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 8th largest holding. Lingohr Asset Management GmbH’s holdings in Gen Digital were worth $9,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GEN. Choreo LLC increased its stake in shares of Gen Digital by 3.2% in the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after purchasing an additional 315 shares during the period. Beacon Pointe Advisors LLC boosted its stake in Gen Digital by 3.9% during the second quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after buying an additional 357 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in shares of Gen Digital by 5.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company’s stock valued at $248,000 after purchasing an additional 454 shares in the last quarter. Blue Trust Inc. boosted its holdings in Gen Digital by 3.0% during the second quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock worth $456,000 after buying an additional 458 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of Gen Digital by 0.9% during the 3rd quarter. CX Institutional now owns 55,971 shares of the company’s stock worth $1,589,000 after acquiring an additional 478 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $23.99 on Friday. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51. The business’s fifty day moving average price is $26.57 and its two-hundred day moving average price is $27.91. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a return on equity of 57.09% and a net margin of 12.74%.The business’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, analysts predict that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. Gen Digital’s payout ratio is 54.35%.

Analysts Set New Price Targets

GEN has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Royal Bank Of Canada lowered their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus target price of $35.43.

Insider Activity

In related news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the transaction, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the completion of the purchase, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. The SEC filing for this purchase provides additional information. 9.30% of the stock is currently owned by insiders.

About Gen Digital

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.