153,654 Shares in Gen Digital Inc. $GEN Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Gen Digital Inc. (NASDAQ:GEN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 153,654 shares of the company’s stock, valued at approximately $3,824,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after acquiring an additional 390 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Gen Digital by 14.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company’s stock worth $64,000 after purchasing an additional 427 shares during the period. Vident Advisory LLC raised its holdings in Gen Digital by 1.6% in the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after purchasing an additional 428 shares during the period. Fisher Asset Management LLC boosted its position in shares of Gen Digital by 5.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock worth $210,000 after purchasing an additional 430 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Gen Digital by 9.4% in the 4th quarter. Huntington National Bank now owns 5,216 shares of the company’s stock valued at $142,000 after buying an additional 448 shares during the period. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Performance

GEN opened at $31.33 on Friday. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $31.65. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50-day simple moving average is $27.65 and its 200 day simple moving average is $23.98. The firm has a market capitalization of $18.75 billion, a PE ratio of 18.22, a PEG ratio of 0.97 and a beta of 1.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital’s payout ratio is 29.07%.

Insider Activity

In other news, Director Ondrej Vlcek sold 200,000 shares of Gen Digital stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the director owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Travis Witteveen sold 30,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00. Following the completion of the transaction, the insider owned 496,545 shares in the company, valued at $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 630,260 shares of company stock worth $17,967,726. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the topic of several recent analyst reports. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Wells Fargo & Company increased their target price on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Barclays raised their target price on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada upped 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, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus target price of $31.60.

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.