Gen Digital Inc. $GEN Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan raised its position in Gen Digital Inc. (NASDAQ:GENFree Report) by 396.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,844 shares of the company’s stock after purchasing an additional 39,796 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Gen Digital were worth $1,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEN. Choreo LLC increased its stake in Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock worth $297,000 after acquiring an additional 315 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Gen Digital by 3.9% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after purchasing an additional 357 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings 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 worth $248,000 after purchasing an additional 454 shares during the period. Blue Trust Inc. increased its position in shares of Gen Digital by 3.0% during the 2nd quarter. Blue Trust Inc. now owns 15,501 shares of the company’s stock worth $456,000 after purchasing an additional 458 shares during the last quarter. Finally, CX Institutional increased its position 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 purchasing an additional 478 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

More Gen Digital News

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Gen Digital Stock Up 8.1%

Gen Digital stock opened at $24.25 on Friday. The firm has a market capitalization of $14.96 billion, a P/E ratio of 25.00, a P/E/G ratio of 0.81 and a beta of 1.09. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. Gen Digital Inc. has a twelve month low of $22.14 and a twelve month high of $32.22. The stock’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $27.65.

Gen Digital (NASDAQ:GENGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a return on equity of 56.57% and a net margin of 12.76%.Gen Digital’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. 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, equities analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be paid a $0.125 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Gen Digital’s payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Evercore lifted their target price on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Barclays cut their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.29.

Read Our Latest Analysis on GEN

Insider Activity at Gen Digital

In other news, Director John C. Chrystal acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $27.14 per share, with a total value of $135,700.00. Following the transaction, the director owned 28,419 shares in the company, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction 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 sale, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Gen Digital Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Gen Digital (NASDAQ:GEN)

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