Gen Digital Inc. $GEN Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,030,931 shares of the company’s stock after purchasing an additional 44,072 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Gen Digital were worth $30,309,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in Gen Digital by 15.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 164,012 shares of the company’s stock valued at $4,353,000 after purchasing an additional 21,814 shares during the last quarter. Cerity Partners LLC grew its position in Gen Digital by 23.1% in the 1st quarter. Cerity Partners LLC now owns 78,471 shares of the company’s stock worth $2,083,000 after purchasing an additional 14,707 shares during the last quarter. Xponance Inc. increased its stake in shares of Gen Digital by 2.2% in the first quarter. Xponance Inc. now owns 83,515 shares of the company’s stock valued at $2,216,000 after purchasing an additional 1,835 shares during the period. Ballentine Partners LLC raised its holdings in shares of Gen Digital by 17.5% during the first quarter. Ballentine Partners LLC now owns 19,752 shares of the company’s stock valued at $524,000 after buying an additional 2,943 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Gen Digital by 2.4% during the first quarter. New York State Common Retirement Fund now owns 328,095 shares of the company’s stock valued at $8,708,000 after buying an additional 7,600 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Up 3.0%

Shares of GEN stock opened at $27.14 on Wednesday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year 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 business’s fifty day moving average is $27.70 and its 200-day moving average is $28.76. The stock has a market cap of $16.71 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

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

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, November 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Analyst Ratings Changes

GEN has been the subject of a number of recent analyst reports. Barclays increased their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Royal Bank Of Canada reduced their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Morgan Stanley increased their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Gen Digital has an average rating of “Moderate Buy” and a consensus target price of $35.43.

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.