Hixon Zuercher LLC Acquires 42,153 Shares of Gen Digital Inc. $GEN

Hixon Zuercher LLC increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 49.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 127,093 shares of the company’s stock after acquiring an additional 42,153 shares during the quarter. Hixon Zuercher LLC’s holdings in Gen Digital were worth $2,393,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Gen Digital by 2.4% in the 4th quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after buying an additional 387 shares during the period. Larson Financial Group LLC boosted its position in shares of Gen Digital by 20.9% in the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after acquiring an additional 390 shares during the period. Clearstead Advisors LLC boosted its position in shares of Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Gen Digital by 22.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after acquiring an additional 414 shares during the last quarter. Finally, Tealwood Asset Management Inc. grew its stake in shares of Gen Digital by 0.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock worth $2,222,000 after acquiring an additional 426 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Trading Up 1.1%

Shares of Gen Digital stock opened at $23.26 on Wednesday. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The firm has a market capitalization of $14.01 billion, a PE ratio of 14.72 and a beta of 1.21. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $22.85 and its two-hundred day moving average price is $23.46.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, analysts expect that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Finally, Wells Fargo & Company began coverage on Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.29.

Insider Transactions at Gen Digital

In other news, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Chrystal bought 3,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the acquisition, the director owned 31,419 shares in the company, valued at $850,198.14. This represents a 10.56% increase in their position. The SEC filing for this purchase provides additional information. 9.30% of the stock is 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.