Campbell & CO Investment Adviser LLC Invests $1.80 Million in Gen Digital Inc. $GEN

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 61,170 shares of the company’s stock, valued at approximately $1,798,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEN. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gen Digital by 150.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,448,174 shares of the company’s stock valued at $42,576,000 after buying an additional 869,422 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Gen Digital by 4.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,030,931 shares of the company’s stock valued at $30,309,000 after acquiring an additional 44,072 shares during the period. Aviva PLC grew its position in Gen Digital by 6.6% in the 2nd quarter. Aviva PLC now owns 407,156 shares of the company’s stock valued at $11,970,000 after acquiring an additional 25,315 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Gen Digital by 227.0% in the second quarter. Los Angeles Capital Management LLC now owns 995,017 shares of the company’s stock worth $29,254,000 after purchasing an additional 690,739 shares during the period. Finally, AGF Management Ltd. increased its stake in Gen Digital by 413.8% in the second quarter. AGF Management Ltd. now owns 107,860 shares of the company’s stock worth $3,171,000 after purchasing an additional 86,866 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Trading Up 2.3%

NASDAQ GEN opened at $26.35 on Tuesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The company’s 50-day simple moving average is $27.75 and its two-hundred day simple moving average is $28.75. Gen Digital Inc. has a one year low of $22.74 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Equities analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a $0.125 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Gen Digital’s dividend payout ratio (DPR) is currently 54.35%.

Analyst Ratings Changes

GEN has been the subject of a number of recent analyst reports. Evercore ISI boosted their target price on shares of Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group began coverage on shares of Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective for the company. Barclays upped their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Morgan Stanley raised 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 report on Tuesday, September 2nd. Finally, Royal Bank Of Canada lowered their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Gen Digital has a consensus rating of “Moderate Buy” and a consensus price target of $35.43.

Gen Digital Company Profile

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.