Sequoia Financial Advisors LLC Buys Shares of 11,608 Gen Digital Inc. $GEN

Sequoia Financial Advisors LLC purchased a new position in Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, HoldingsChannel reports. The firm purchased 11,608 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds also recently modified their holdings of GEN. Allspring Global Investments Holdings LLC increased its position in Gen Digital by 132.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company’s stock worth $16,039,000 after acquiring an additional 341,533 shares during the period. Mather Group LLC. grew its position in Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock worth $99,000 after purchasing an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of Gen Digital during the 1st quarter worth about $377,000. Kendall Capital Management raised its position in shares of Gen Digital by 20.0% during the first quarter. Kendall Capital Management now owns 60,640 shares of the company’s stock valued at $1,609,000 after buying an additional 10,105 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Gen Digital by 33.0% during the first quarter. Penserra Capital Management LLC now owns 2,972,160 shares of the company’s stock valued at $78,880,000 after buying an additional 736,809 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GEN shares. B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Royal Bank Of Canada upped their target price on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group started coverage on shares of Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Gen Digital currently has an average rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Stock Performance

Gen Digital stock opened at $27.36 on Wednesday. The firm has a market capitalization of $16.85 billion, a P/E ratio of 28.21, a P/E/G ratio of 0.90 and a beta of 0.94. The stock has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $28.50. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

Gen Digital Company 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.