Gen Digital Inc. $GEN Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Gen Digital Inc. (NASDAQ:GEN) by 1,418.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 611,418 shares of the company’s stock after acquiring an additional 571,165 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Gen Digital worth $16,624,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Amundi increased its stake in shares of Gen Digital by 273.3% in the second quarter. Amundi now owns 4,303,552 shares of the company’s stock valued at $128,289,000 after purchasing an additional 3,150,651 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gen Digital by 46.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,600,836 shares of the company’s stock valued at $187,398,000 after buying an additional 2,103,335 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Gen Digital by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after buying an additional 1,406,869 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Gen Digital by 72.8% during the third quarter. Qube Research & Technologies Ltd now owns 2,786,250 shares of the company’s stock worth $79,102,000 after buying an additional 1,174,048 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Gen Digital by 7.4% during the second quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock worth $467,436,000 after buying an additional 1,088,983 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $18.34 on Friday. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.63 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 12 month low of $18.20 and a 12 month high of $32.22. The stock’s 50 day moving average price is $22.69 and its 200 day moving average price is $25.63.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.56 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 16th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.50 annualized dividend and a yield of 2.7%. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GEN shares. Jefferies Financial Group upgraded Gen Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Barclays lowered their price target on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus price target of $32.71.

Gen Digital Company 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.