Redwood Investment Management LLC Makes New Investment in Gen Digital Inc. $GEN

Posted by Brenda Bartman on Aug 27th, 2026

Redwood Investment Management LLC acquired a new position in shares of Gen Digital Inc. (NASDAQ:GEN – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 46,846 shares of the company’s stock, valued at approximately $1,166,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEN. Legal & General Group Plc purchased a new position in Gen Digital during the second quarter worth about $225,169,000. Deutsche Bank AG purchased a new stake in Gen Digital in the 2nd quarter valued at about $146,639,000. Bank of New York Mellon Corp acquired a new position in shares of Gen Digital during the 2nd quarter valued at about $108,421,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gen Digital by 45.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 13,094,386 shares of the company’s stock worth $246,567,000 after acquiring an additional 4,115,676 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Gen Digital by 22.3% during the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after acquiring an additional 3,640,451 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Activity

In related news, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This represents a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Chrystal acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 277,902 shares of company stock valued at $7,549,344. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Argus raised Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Wells Fargo & Company upped their price target on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.67.

Read Our Latest Stock Analysis on GEN

Gen Digital Stock Up 1.1%

GEN stock opened at $29.64 on Thursday. The firm has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $23.71. The company has a market capitalization of $17.74 billion, a P/E ratio of 17.23 and a beta of 1.21. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $30.93. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00.

Gen Digital (NASDAQ:GEN – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities research analysts predict that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. Gen Digital’s payout ratio is 29.07%.

Gen Digital Profile

(Free Report)

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.