Gotham Asset Management LLC Acquires 247,313 Shares of Gen Digital Inc. $GEN

Gotham Asset Management LLC boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,500,597 shares of the company’s stock after purchasing an additional 247,313 shares during the period. Gotham Asset Management LLC owned about 0.24% of Gen Digital worth $42,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management lifted its stake in Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares during the period. True Wealth Design LLC increased its position in 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 purchasing an additional 529 shares during the period. Clearstead Advisors LLC raised its holdings in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Gen Digital in the 2nd quarter worth $44,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Gen Digital in the 2nd quarter worth about $47,000. Institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

GEN has been the topic of a number of research reports. Barclays cut their target price 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. Jefferies Financial Group raised shares of Gen Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.71.

Gen Digital Trading Down 1.5%

NASDAQ:GEN opened at $20.68 on Monday. The firm has a market capitalization of $12.53 billion, a P/E ratio of 21.32, a PEG ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. Gen Digital Inc. has a one year low of $20.61 and a one year high of $32.22. The company’s 50-day simple moving average is $23.94 and its 200 day simple moving average is $26.25.

Gen Digital (NASDAQ:GEN) last announced its 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 during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business’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, analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. 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.