Leonteq Securities AG purchased a new position in shares of Gen Digital Inc. (NASDAQ:GEN – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 39,728 shares of the company’s stock, valued at approximately $1,080,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Gen Digital during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC lifted 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 last quarter. TD Private Client Wealth LLC lifted 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 last quarter. Geneos Wealth Management Inc. lifted its stake in Gen Digital by 221.5% in 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 bought a new position in Gen Digital in the 2nd quarter valued at approximately $47,000. Institutional investors own 81.38% of the company’s stock.
Gen Digital Trading Down 0.6%
Shares of NASDAQ GEN opened at $24.85 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.47 and a current ratio of 0.40. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The firm has a 50 day moving average price of $20.38 and a two-hundred day moving average price of $23.67. The stock has a market cap of $15.05 billion, a P/E ratio of 15.73 and a beta of 1.10.
Gen Digital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, May 18th. Gen Digital’s dividend payout ratio is 31.65%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Barclays increased their price objective 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. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.29.
Check Out Our Latest Report on Gen Digital
About Gen Digital
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.
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