Twin Capital Management Inc. Boosts Stake in Gen Digital Inc. $GEN

Twin Capital Management Inc. boosted its position in Gen Digital Inc. (NASDAQ:GEN) by 87.9% in the 1st quarter, Holdings Channel reports. The firm owned 52,819 shares of the company’s stock after buying an additional 24,714 shares during the quarter. Twin Capital Management Inc.’s holdings in Gen Digital were worth $995,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Gen Digital in the fourth quarter worth approximately $27,000. TD Private Client Wealth LLC boosted its holdings in Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the period. MUFG Securities EMEA plc purchased a new position in Gen Digital during the 2nd quarter valued at $47,000. Geneos Wealth Management Inc. grew its position in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Gen Digital by 47.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after acquiring an additional 568 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In related news, Director John C. Chrystal acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director directly owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were 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. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEN. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays upped their target price on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus target price of $29.33.

Gen Digital Stock Up 2.1%

Shares of Gen Digital stock opened at $27.01 on Friday. 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 stock has a market cap of $16.27 billion, a price-to-earnings ratio of 17.09 and a beta of 1.21. The firm’s 50-day moving average is $24.97 and its two-hundred day moving average is $23.25. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were issued a $0.125 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

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.