Y Intercept Hong Kong Ltd Purchases Shares of 13,402 Gen Digital Inc. $GEN

Y Intercept Hong Kong Ltd acquired a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,402 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEN. Cullen Frost Bankers Inc. bought a new stake in Gen Digital during the second quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted 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 acquiring an additional 1,183 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock worth $63,000 after acquiring an additional 381 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of Gen Digital during the first quarter worth $85,000. Finally, Great Lakes Advisors LLC purchased a new stake in Gen Digital during the first quarter valued at about $205,000. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Wells Fargo & Company boosted their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Barclays increased their target price on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Finally, B. Riley started coverage on Gen Digital in a report on Monday, July 14th. They set a “buy” rating and a $46.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.43.

Gen Digital Stock Up 1.3%

Gen Digital stock opened at $25.77 on Friday. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. 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 $15.87 billion, a PE ratio of 26.57, a P/E/G ratio of 0.87 and a beta of 0.94. The firm’s 50 day moving average price is $27.82 and its two-hundred day moving average price is $28.68.

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

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) 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.