Convergence Investment Partners LLC Sells 42,481 Shares of Gen Digital Inc. $GEN

Convergence Investment Partners LLC decreased its position in Gen Digital Inc. (NASDAQ:GEN) by 50.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,442 shares of the company’s stock after selling 42,481 shares during the quarter. Convergence Investment Partners LLC’s holdings in Gen Digital were worth $1,248,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Gen Digital in the first quarter worth $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Gen Digital by 43.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after acquiring an additional 3,724,211 shares during the last quarter. Boston Partners grew its stake in shares of Gen Digital by 37.3% in the first quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after acquiring an additional 3,631,052 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Gen Digital in the first quarter worth $71,287,000. Finally, Vanguard Group Inc. grew its stake in shares of Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock worth $1,849,593,000 after acquiring an additional 2,513,464 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GEN shares. Jefferies Financial Group started coverage on shares of Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective on the stock. B. Riley started coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Barclays raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Morgan Stanley lifted their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Up 0.1%

GEN opened at $27.22 on Monday. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two 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. The firm’s fifty day moving average price is $28.81 and its two-hundred day moving average price is $28.59. The company has a market capitalization of $16.76 billion, a P/E ratio of 28.06, a P/E/G ratio of 0.92 and a beta of 0.94.

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

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is presently 51.55%.

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.