OMERS ADMINISTRATION Corp Takes Position in Gen Digital Inc. $GEN

Posted by Geri Gentry on Aug 28th, 2026

OMERS ADMINISTRATION Corp purchased a new stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 20,567 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in shares of Gen Digital during the 2nd quarter worth $25,920,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Gen Digital by 9.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock valued at $30,128,000 after purchasing an additional 102,345 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Gen Digital by 3.8% in the 4th quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock valued at $247,027,000 after purchasing an additional 334,156 shares during the last quarter. National Pension Service boosted its holdings in Gen Digital by 13.6% in the fourth quarter. National Pension Service now owns 934,892 shares of the company’s stock worth $25,420,000 after purchasing an additional 112,136 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Gen Digital by 17.9% in the first quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company’s stock worth $7,245,000 after purchasing an additional 58,319 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Transactions at Gen Digital

In other Gen Digital news, Director John C. Chrystal bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director directly owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Travis Michael Witteveen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the sale, the insider directly owned 496,545 shares in the company, valued at $14,608,353.90. This trade represents a 5.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 430,260 shares of company stock worth $11,967,726. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Argus raised shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their price target on Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. 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. Barclays increased their price objective on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.67.

Get Our Latest Research Report on Gen Digital

Gen Digital Stock Performance

NASDAQ:GEN opened at $30.50 on Friday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $30.93. The firm’s fifty day simple moving average is $26.92 and its 200 day simple moving average is $23.76. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $18.26 billion, a PE ratio of 17.73 and a beta of 1.21.

Gen Digital (NASDAQ:GEN – Get Free Report) last announced 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $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, sell-side analysts anticipate that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Gen Digital’s payout ratio is presently 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.