PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Holdings in Gen Digital Inc. $GEN

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Gen Digital Inc. (NASDAQ:GEN) by 167.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,453 shares of the company’s stock after purchasing an additional 25,303 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Gen Digital were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Gen Digital during the 4th quarter worth approximately $27,000. Grove Bank & Trust boosted its stake in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after buying an additional 927 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares during the period. MUFG Securities EMEA plc acquired a new position in Gen Digital during the second quarter worth $47,000. Finally, Geneos Wealth Management Inc. raised its position in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Price Performance

Gen Digital stock opened at $29.29 on Tuesday. The firm has a market capitalization of $17.53 billion, a PE ratio of 17.03 and a beta of 1.21. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The firm’s 50-day simple moving average is $25.99 and its 200 day simple moving average is $23.34. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 3.00.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities research analysts predict that Gen Digital Inc. will post 2.61 EPS for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital’s dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling

In related news, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director directly owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This trade represents a 10.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ondrej Vlcek sold 100,000 shares of Gen Digital stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on GEN. Wells Fargo & Company raised their target price on Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank Of Canada increased their price target on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday. 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. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.67.

About Gen Digital

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.