Commerzbank Aktiengesellschaft FI Acquires Shares of 32,286 Gen Digital Inc. $GEN

Commerzbank Aktiengesellschaft FI acquired a new stake in Gen Digital Inc. (NASDAQ:GEN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,286 shares of the company’s stock, valued at approximately $878,000.

Several other institutional investors also recently bought and sold shares of GEN. Blue Trust Inc. boosted its stake in shares of Gen Digital by 2.4% during the 4th quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after purchasing an additional 387 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Gen Digital by 20.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after purchasing an additional 390 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Gen Digital by 22.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the company’s stock worth $60,000 after purchasing an additional 414 shares during the last quarter. Finally, Tealwood Asset Management Inc. boosted its stake in shares of Gen Digital by 0.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 81,715 shares of the company’s stock worth $2,222,000 after purchasing an additional 426 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GEN shares. Wells Fargo & Company started coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their price target on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

Gen Digital Trading Up 1.2%

Shares of GEN stock opened at $23.45 on Friday. The firm has a market cap of $14.20 billion, a P/E ratio of 14.84 and a beta of 1.10. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.47. The firm’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $23.74.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, equities analysts forecast that Gen Digital Inc. will post 2.66 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, May 18th. Gen Digital’s dividend payout ratio is presently 31.65%.

Gen Digital 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.