Sei Investments Co. boosted its stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) by 28.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,559,493 shares of the company’s stock after buying an additional 569,581 shares during the quarter. Sei Investments Co.’s holdings in Gen Digital were worth $48,195,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. First Trust Advisors LP boosted its holdings in Gen Digital by 22.3% during the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after acquiring an additional 3,640,451 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Gen Digital in the fourth quarter valued at about $70,248,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Gen Digital by 36.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,978,710 shares of the company’s stock valued at $244,131,000 after purchasing an additional 2,377,874 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Gen Digital by 167.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,328,737 shares of the company’s stock valued at $90,508,000 after purchasing an additional 2,082,850 shares in the last quarter. Finally, Boston Partners boosted its holdings in Gen Digital by 14.3% during the fourth quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after purchasing an additional 1,954,712 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of Gen Digital in a report on Thursday, July 16th. Finally, Barclays boosted their price objective on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.33.
Insiders Place Their Bets
In other news, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the transaction, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Chrystal acquired 3,000 shares of the 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 completion of 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 9.30% of the stock is owned by corporate insiders.
Gen Digital Trading Up 3.1%
NASDAQ:GEN opened at $25.84 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $15.57 billion, a PE ratio of 16.35 and a beta of 1.21. The firm’s 50 day moving average is $25.35 and its 200 day moving average is $23.23. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $32.22.
Gen Digital (NASDAQ:GEN – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Gen Digital’s revenue for the quarter was up 27.0% on a year-over-year basis. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Sell-side analysts expect that Gen Digital Inc. will post 2.61 earnings per share for the current year.
Gen Digital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio is currently 31.65%.
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.
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