Gen Digital Inc. $GEN Stock: Robeco Institutional Asset Management B.V. Increases Stake

Robeco Institutional Asset Management B.V. raised its holdings in Gen Digital Inc. (NASDAQ:GEN) by 8.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,377,320 shares of the company’s stock after buying an additional 176,207 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.40% of Gen Digital worth $52,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Gen Digital by 5.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,879 shares of the company’s stock worth $1,869,000 after buying an additional 4,304 shares during the period. Grant Private Wealth Management Inc bought a new stake in shares of Gen Digital in the third quarter valued at approximately $545,000. IFP Advisors Inc grew its stake in shares of Gen Digital by 21.5% in the third quarter. IFP Advisors Inc now owns 28,585 shares of the company’s stock worth $629,000 after acquiring an additional 5,058 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Gen Digital in the third quarter worth $367,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Gen Digital in the third quarter worth $47,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the sale, the director owned 3,332,904 shares of the company’s stock, valued at $99,987,120. The trade was a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Travis Witteveen sold 30,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00. Following the completion of the transaction, the insider owned 496,545 shares of the company’s stock, valued at approximately $14,608,353.90. This represents a 5.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 558,508 shares of company stock valued at $16,356,093 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $24.89 on Friday. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $31.65. The firm has a market capitalization of $14.90 billion, a PE ratio of 10.53, a PEG ratio of 0.76 and a beta of 1.26. The business’s 50 day moving average is $26.80 and its 200-day moving average is $25.10. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. Gen Digital’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Sell-side analysts predict that Gen Digital Inc. will post 2.66 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were paid a dividend of $0.1250 per share. The ex-dividend date was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. Gen Digital’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

GEN has been the subject of several research analyst reports. Barclays upped their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price objective on shares of Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $30.25.

About Gen Digital

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.