Schroder Investment Management Group Purchases 168,789 Shares of Gen Digital Inc. $GEN

Schroder Investment Management Group increased its position in Gen Digital Inc. (NASDAQ:GEN) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,146,855 shares of the company’s stock after purchasing an additional 168,789 shares during the quarter. Schroder Investment Management Group’s holdings in Gen Digital were worth $33,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GEN. Amundi grew its stake in Gen Digital by 273.3% in the second quarter. Amundi now owns 4,303,552 shares of the company’s stock worth $128,289,000 after purchasing an additional 3,150,651 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Gen Digital by 82.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,497,501 shares of the company’s stock worth $132,227,000 after purchasing an additional 2,035,925 shares in the last quarter. Vanguard Group Inc. lifted its position in Gen Digital by 2.2% during the second quarter. Vanguard Group Inc. now owns 71,249,751 shares of the company’s stock valued at $2,094,743,000 after buying an additional 1,558,983 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after buying an additional 1,406,869 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Gen Digital by 7.4% during the 2nd quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock valued at $467,436,000 after buying an additional 1,088,983 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Trading Down 2.5%

NASDAQ GEN opened at $21.24 on Thursday. Gen Digital Inc. has a 12 month low of $21.06 and a 12 month high of $32.22. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock’s fifty day moving average price is $24.17 and its 200-day moving average price is $26.43. The stock has a market cap of $12.86 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.73 and a beta of 1.11.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.Gen Digital’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.4%. Gen Digital’s payout ratio is 51.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Barclays decreased their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company began coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.71.

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.