DekaBank Deutsche Girozentrale Has $7.29 Million Position in Gen Digital Inc. $GEN

DekaBank Deutsche Girozentrale lowered its position in Gen Digital Inc. (NASDAQ:GEN) by 3.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 250,304 shares of the company’s stock after selling 8,304 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Gen Digital were worth $7,287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GEN. Nuveen LLC acquired a new position in Gen Digital in the first quarter worth approximately $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Gen Digital by 43.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after buying an additional 3,724,211 shares during the last quarter. Boston Partners increased its holdings in Gen Digital by 37.3% in the first quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after buying an additional 3,631,052 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Gen Digital in the first quarter worth approximately $71,287,000. Finally, Vanguard Group Inc. increased its holdings in Gen Digital by 3.7% in the first quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company’s stock worth $1,849,593,000 after buying an additional 2,513,464 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEN. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 target price for the company. Barclays upped their target price on Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Finally, B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They set a “buy” rating and a $46.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Gen Digital Stock Up 0.1%

GEN opened at $27.22 on Friday. Gen Digital Inc. has a 1-year low of $22.74 and a 1-year high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 0.91 and a beta of 0.94. The business has a 50 day moving average of $28.81 and a 200-day moving average of $28.54.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business earned $0.53 earnings per share. Gen Digital’s revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date 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.