Oak Thistle LLC Buys New Stake in Gen Digital Inc. $GEN

Oak Thistle LLC bought a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 4th quarter, Holdings Channel.com reports. The firm bought 60,769 shares of the company’s stock, valued at approximately $1,652,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GEN. True Wealth Design LLC lifted its holdings in shares of Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after acquiring an additional 529 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after acquiring an additional 994 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Gen Digital during the 2nd quarter valued at $44,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEN. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wells Fargo & Company began coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target on the stock. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Barclays dropped their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.71.

Gen Digital Stock Performance

Gen Digital stock opened at $18.89 on Thursday. Gen Digital Inc. has a 12-month low of $18.20 and a 12-month high of $32.22. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The firm’s fifty day moving average price is $21.66 and its 200 day moving average price is $25.04.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.6%. Gen Digital’s payout ratio is presently 51.55%.

Gen Digital Profile

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.