Jupiter Asset Management Ltd. Makes New $8.24 Million Investment in Gen Digital Inc. $GEN

Jupiter Asset Management Ltd. bought a new position in Gen Digital Inc. (NASDAQ:GEN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 290,157 shares of the company’s stock, valued at approximately $8,238,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Gen Digital by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after acquiring an additional 964,046 shares in the last quarter. State Street Corp raised its stake in Gen Digital by 1.2% during the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock valued at $868,566,000 after purchasing an additional 349,289 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Gen Digital by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after purchasing an additional 1,406,869 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Gen Digital by 7.4% in the second quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock valued at $467,436,000 after purchasing an additional 1,088,983 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Gen Digital by 0.7% in the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock worth $449,507,000 after buying an additional 101,791 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gen Digital

In other news, Director Ondrej Vlcek sold 113,674 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.30% of the stock is owned by corporate insiders.

Gen Digital Price Performance

NASDAQ GEN opened at $22.35 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $13.54 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09. Gen Digital Inc. has a 12-month low of $22.08 and a 12-month high of $32.22. The company has a 50 day moving average price of $25.56 and a two-hundred day moving average price of $27.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.56 EPS. Gen Digital’s revenue for the quarter was up 25.8% on a year-over-year basis. 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. As a group, equities analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s payout ratio is currently 51.55%.

Analyst Ratings Changes

Several research analysts recently weighed in on GEN shares. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Barclays decreased their price target on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.29.

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.