Gen Digital Inc. $GEN Shares Bought by KBC Group NV

KBC Group NV raised its stake in Gen Digital Inc. (NASDAQ:GEN) by 26.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,490,742 shares of the company’s stock after buying an additional 721,381 shares during the period. KBC Group NV’s holdings in Gen Digital were worth $102,628,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vise Technologies Inc. acquired a new position in shares of Gen Digital during the 2nd quarter valued at about $1,891,000. Allworth Financial LP boosted its holdings in Gen Digital by 136.1% in the 2nd quarter. Allworth Financial LP now owns 5,273 shares of the company’s stock valued at $155,000 after purchasing an additional 3,040 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Gen Digital by 7.2% in the 2nd quarter. ProShare Advisors LLC now owns 145,626 shares of the company’s stock valued at $4,281,000 after buying an additional 9,771 shares during the period. CSM Advisors LLC acquired a new stake in shares of Gen Digital during the 2nd quarter worth approximately $370,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gen Digital during the 2nd quarter valued at approximately $1,798,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective for the company. Evercore ISI increased their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Morgan Stanley raised their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada decreased their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Barclays lifted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Trading Up 3.0%

NASDAQ GEN opened at $27.14 on Wednesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 0.87 and a beta of 0.94. The firm has a 50 day simple moving average of $27.70 and a 200-day simple moving average of $28.76. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Equities research analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, November 17th. This represents a $0.50 annualized dividend and a yield of 1.8%. Gen Digital’s dividend payout ratio is 54.35%.

Gen Digital Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.