Board of the Pension Protection Fund Buys New Position in Gen Digital Inc. $GEN

Board of the Pension Protection Fund bought a new stake in shares of Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, HoldingsChannel reports. The firm bought 53,700 shares of the company’s stock, valued at approximately $1,579,000. Gen Digital makes up 1.7% of Board of the Pension Protection Fund’s portfolio, making the stock its 9th largest position.

Other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC raised its holdings in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after buying an additional 854 shares during the period. Geneos Wealth Management Inc. raised 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 buying an additional 1,183 shares during the period. Tsfg LLC purchased a new stake in shares of Gen Digital during the 1st quarter valued at about $52,000. Rise Advisors LLC raised its holdings in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after buying an additional 381 shares during the period. Finally, Capital Analysts LLC purchased a new stake in shares of Gen Digital during the 1st quarter valued at about $85,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GEN shares. Wells Fargo & Company raised their target price on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Morgan Stanley raised their target price on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. B. Riley started coverage on Gen Digital in a research note on Monday, July 14th. They set a “buy” rating and a $46.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday. Finally, Evercore ISI started coverage on Gen Digital in a research note on Tuesday, July 1st. They set an “outperform” rating and a $35.00 price objective for the company. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $26.52 on Friday. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The business has a 50 day moving average price of $29.48 and a two-hundred day moving average price of $28.47. 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 PE ratio of 27.34, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $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. Sell-side analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

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

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.