Signal Advisors Wealth LLC Makes New Investment in Gen Digital Inc. $GEN

Signal Advisors Wealth LLC bought a new position in Gen Digital Inc. (NASDAQ:GEN) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,456 shares of the company’s stock, valued at approximately $573,000.

Several other institutional investors also recently modified their holdings of GEN. International Assets Investment Management LLC bought a new stake in Gen Digital during the fourth quarter worth $27,000. Clearstead Advisors LLC grew its stake in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the period. TD Private Client Wealth LLC grew its stake in Gen Digital by 65.8% in 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. Geneos Wealth Management Inc. increased its position in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Gen Digital during the 2nd quarter valued at $47,000. 81.38% of the stock is owned by institutional investors.

Gen Digital Stock Performance

Shares of GEN opened at $23.56 on Thursday. 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 stock’s fifty day moving average price is $22.94 and its two-hundred day moving average price is $23.43. The firm has a market cap of $14.19 billion, a PE ratio of 14.91 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share 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 the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Gen Digital Inc. will post 2.59 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Insider Transactions at Gen Digital

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada lifted their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Barclays boosted their target price on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company assumed coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.29.

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.