Mediolanum International Funds Ltd Increases Stock Holdings in Gen Digital Inc. $GEN

Mediolanum International Funds Ltd boosted its stake in Gen Digital Inc. (NASDAQ:GEN) by 97.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,597 shares of the company’s stock after acquiring an additional 191,207 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Gen Digital were worth $7,101,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Gen Digital during the fourth quarter valued at approximately $27,000. TD Private Client Wealth LLC grew 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 purchasing an additional 611 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Gen Digital in the 2nd quarter worth $47,000. Geneos Wealth Management Inc. lifted its holdings in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted 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 buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Trading Down 0.3%

Shares of NASDAQ GEN opened at $26.67 on Tuesday. The stock’s 50 day moving average price is $25.14 and its two-hundred day moving average price is $23.24. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The stock has a market capitalization of $16.07 billion, a P/E ratio of 16.88 and a beta of 1.21. 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 earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $0.59 EPS. The business’s 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. On average, analysts anticipate that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 target price on shares of Gen Digital in a research note on Thursday. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Barclays increased their price target on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Gen Digital presently has an average rating of “Hold” and an average target price of $29.33.

Insiders Place Their Bets

In other news, 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 transaction, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Chrystal purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. 9.30% of the stock is currently owned by corporate insiders.

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.