Blue Trust Inc. Acquires 458 Shares of Gen Digital Inc. $GEN

Blue Trust Inc. increased its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 3.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,501 shares of the company’s stock after acquiring an additional 458 shares during the period. Blue Trust Inc.’s holdings in Gen Digital were worth $456,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Triodos Investment Management BV grew its position in Gen Digital by 0.9% in the 2nd quarter. Triodos Investment Management BV now owns 1,415,038 shares of the company’s stock valued at $41,574,000 after acquiring an additional 13,300 shares during the last quarter. Callan Family Office LLC boosted its stake in shares of Gen Digital by 171.5% during the second quarter. Callan Family Office LLC now owns 21,770 shares of the company’s stock valued at $640,000 after purchasing an additional 13,752 shares during the period. Rice Partnership LLC grew its holdings in shares of Gen Digital by 9.9% in the second quarter. Rice Partnership LLC now owns 129,434 shares of the company’s stock worth $3,805,000 after purchasing an additional 11,707 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in Gen Digital in the 2nd quarter worth about $2,734,000. Finally, JSF Financial LLC lifted its holdings in Gen Digital by 7.3% during the 2nd quarter. JSF Financial LLC now owns 40,173 shares of the company’s stock valued at $1,181,000 after buying an additional 2,741 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley upped their target price 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. Royal Bank Of Canada increased their price objective on 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 Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Finally, Evercore ISI began coverage on Gen Digital in a research note on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Gen Digital presently has an average rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Down 1.9%

Gen Digital stock opened at $26.52 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm has a market cap of $16.33 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.89 and a beta of 0.94. The business has a fifty day moving average of $29.48 and a two-hundred day moving average of $28.48. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. 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 forecast that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital’s dividend payout ratio is presently 51.55%.

About Gen Digital

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.