Corient Private Wealth LLC Purchases 32,886 Shares of Gen Digital Inc. $GEN

Corient Private Wealth LLC grew its position in Gen Digital Inc. (NASDAQ:GEN) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,422 shares of the company’s stock after acquiring an additional 32,886 shares during the quarter. Corient Private Wealth LLC’s holdings in Gen Digital were worth $5,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GEN. Kera Capital Partners Inc. grew its position in shares of Gen Digital by 33.7% during the 4th quarter. Kera Capital Partners Inc. now owns 17,788 shares of the company’s stock worth $484,000 after buying an additional 4,479 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of Gen Digital by 13.2% in the 4th quarter. Compound Planning Inc. now owns 13,257 shares of the company’s stock valued at $360,000 after purchasing an additional 1,541 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Gen Digital by 9.7% in the 4th quarter. Invesco Ltd. now owns 9,975,365 shares of the company’s stock valued at $271,230,000 after purchasing an additional 878,662 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of Gen Digital by 24.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,550,000 shares of the company’s stock worth $42,144,000 after purchasing an additional 300,000 shares during the period. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Gen Digital in the 4th quarter worth approximately $13,991,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the business’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 completion of the transaction, the director directly owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Chrystal acquired 3,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were 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 in the company, valued at approximately $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Gen Digital Trading Up 4.9%

NASDAQ GEN opened at $24.45 on Friday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. 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 has a market capitalization of $14.73 billion, a PE ratio of 15.47 and a beta of 1.21. The company has a fifty day moving average of $23.13 and a 200 day moving average of $23.41.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company’s revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. 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. Research analysts forecast that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GEN. Weiss Ratings reissued a “hold (c)” rating on shares of Gen Digital in a report on Thursday, June 18th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada increased their target price on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Finally, Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $31.29.

Gen Digital Company 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.