Pictet Asset Management Holding SA Raises Stock Holdings in Gen Digital Inc. $GEN

Pictet Asset Management Holding SA boosted its position in Gen Digital Inc. (NASDAQ:GEN) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,156,668 shares of the company’s stock after purchasing an additional 1,017,931 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.67% of Gen Digital worth $113,058,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GEN. True Wealth Design LLC raised its holdings in Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after purchasing an additional 529 shares in the last quarter. Spire Wealth Management raised its holdings 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 purchasing an additional 994 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Gen Digital by 48.6% in the third 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. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 1,183 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Gen Digital in the second quarter worth $47,000. Institutional investors own 81.38% of the company’s stock.

Gen Digital Stock Performance

NASDAQ:GEN opened at $19.02 on Tuesday. The stock has a 50-day simple moving average of $20.49 and a two-hundred day simple moving average of $24.20. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $11.52 billion, a PE ratio of 19.61, a P/E/G ratio of 0.54 and a beta of 1.15.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. Gen Digital’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. Analysts forecast that Gen Digital Inc. will post 2.3 EPS for the current year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. Gen Digital’s payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of equities analysts have issued reports on GEN shares. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays reduced their target price on Gen Digital from $32.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Wells Fargo & Company began coverage on Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 target price for the company. Finally, Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus target price of $31.86.

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.