Canada Post Corp Registered Pension Plan Increases Stock Holdings in Gen Digital Inc. $GEN

Canada Post Corp Registered Pension Plan lifted its stake in shares of Gen Digital Inc. (NASDAQ:GENFree Report) by 396.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,844 shares of the company’s stock after buying an additional 39,796 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Gen Digital were worth $1,435,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Michigan Retirement System raised its stake in Gen Digital by 1.7% during the 3rd quarter. State of Michigan Retirement System now owns 188,275 shares of the company’s stock worth $5,345,000 after acquiring an additional 3,200 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Gen Digital by 1.9% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 187,904 shares of the company’s stock valued at $5,335,000 after acquiring an additional 3,440 shares in the last quarter. ABN AMRO Bank N.V. grew its holdings in shares of Gen Digital by 1.5% during the third quarter. ABN AMRO Bank N.V. now owns 459,962 shares of the company’s stock worth $13,010,000 after purchasing an additional 6,583 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Gen Digital during the third quarter worth about $224,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Gen Digital by 9.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 201,759 shares of the company’s stock valued at $5,728,000 after purchasing an additional 17,192 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEN. Weiss Ratings reissued a “hold (c+)” rating on shares of Gen Digital in a research report on Thursday, January 22nd. Evercore increased their price objective on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada cut their target price on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research cut shares of Gen Digital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.29.

Get Our Latest Stock Report on GEN

Insider Activity

In other Gen Digital news, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $27.14 per share, with a total value of $135,700.00. Following the purchase, the director owned 28,419 shares in the company, valued at approximately $771,291.66. This represents a 21.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the completion of the sale, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. This represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

More Gen Digital News

Here are the key news stories impacting Gen Digital this week:

Gen Digital Trading Up 8.1%

NASDAQ:GEN opened at $24.25 on Friday. The firm has a market cap of $14.96 billion, a P/E ratio of 25.00, a PEG ratio of 0.81 and a beta of 1.09. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. The stock’s 50 day simple moving average is $26.25 and its 200-day simple moving average is $27.65. Gen Digital Inc. has a 12-month low of $22.14 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GENGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.57% and a net margin of 12.76%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.56 earnings per share. The company’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. Equities analysts anticipate that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th 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 2.1%. The ex-dividend date is Friday, February 13th. Gen Digital’s payout ratio is 51.55%.

Gen Digital Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gen Digital Inc. (NASDAQ:GENFree Report).

Institutional Ownership by Quarter for Gen Digital (NASDAQ:GEN)

Receive News & Ratings for Gen Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gen Digital and related companies with MarketBeat.com's FREE daily email newsletter.