Cookson Peirce & Co. Inc. Has $284,000 Stock Position in Gen Digital Inc. $GEN

Cookson Peirce & Co. Inc. lowered its stake in Gen Digital Inc. (NASDAQ:GEN) by 95.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,435 shares of the company’s stock after selling 231,326 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Gen Digital were worth $284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pinebridge Investments LLC acquired a new position in Gen Digital in the 4th quarter valued at about $8,768,000. Vise Technologies Inc. grew its stake in Gen Digital by 1.1% in the 4th quarter. Vise Technologies Inc. now owns 62,848 shares of the company’s stock valued at $1,709,000 after buying an additional 666 shares during the last quarter. Globeflex Capital L P grew its stake in Gen Digital by 27.4% in the 4th quarter. Globeflex Capital L P now owns 28,485 shares of the company’s stock valued at $775,000 after buying an additional 6,133 shares during the last quarter. State of Wyoming grew its stake in Gen Digital by 58.5% in the 4th quarter. State of Wyoming now owns 8,772 shares of the company’s stock valued at $239,000 after buying an additional 3,236 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in Gen Digital by 2.1% in the 4th quarter. Cibc World Market Inc. now owns 59,492 shares of the company’s stock valued at $1,618,000 after buying an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In other news, Director John C. Chrystal purchased 3,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director owned 31,419 shares in the company, valued at approximately $850,198.14. The trade was a 10.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 9.30% of the company’s stock.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $25.86 on Tuesday. The company’s 50 day moving average price is $21.66 and its two-hundred day moving average price is $23.63. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22. The firm has a market cap of $15.58 billion, a PE ratio of 16.37 and a beta of 1.20. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share 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 quarter in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. 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. Equities research analysts predict that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Gen Digital’s dividend payout ratio is 31.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. 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. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.29.

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.