Sanctuary Advisors LLC Boosts Stock Position in Gen Digital Inc. $GEN

Sanctuary Advisors LLC lifted its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 246.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,685 shares of the company’s stock after acquiring an additional 18,975 shares during the quarter. Sanctuary Advisors LLC’s holdings in Gen Digital were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEN. International Assets Investment Management LLC bought a new position in shares of Gen Digital in the fourth quarter worth approximately $27,000. TD Private Client Wealth LLC raised its position in shares of 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 during the period. MUFG Securities EMEA plc bought a new position in Gen Digital in the 2nd quarter worth $47,000. Geneos Wealth Management Inc. boosted 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 during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Gen Digital by 47.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after buying an additional 568 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gen Digital

In other Gen Digital news, Director John C. Chrystal purchased 3,000 shares of Gen Digital stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the completion of the transaction, the director owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This trade represents a 10.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on GEN. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of Gen Digital in a report on Thursday, July 16th. Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Barclays increased their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Gen Digital has an average rating of “Hold” and an average target price of $29.33.

Gen Digital Trading Up 3.1%

Shares of Gen Digital stock opened at $27.58 on Wednesday. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 17.46 and a beta of 1.21. The business has a 50-day moving average price of $25.47 and a 200-day moving average price of $23.22. 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 Inc. has a twelve month low of $17.78 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (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 firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 27.0% compared to the same quarter last year. 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 anticipate that Gen Digital Inc. will post 2.61 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio is 31.65%.

Gen Digital 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.