Illinois Municipal Retirement Fund Has $300,000 Holdings in Gen Digital Inc. $GEN

Illinois Municipal Retirement Fund cut its position in shares of Gen Digital Inc. (NASDAQ:GEN) by 64.6% during the first quarter, HoldingsChannel.com reports. The firm owned 15,920 shares of the company’s stock after selling 29,083 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gen Digital were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Gen Digital by 2.4% during the fourth quarter. Blue Trust Inc. now owns 16,210 shares of the company’s stock worth $441,000 after buying an additional 387 shares in the last quarter. Larson Financial Group LLC raised its stake 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 buying an additional 390 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Gen Digital by 1.6% during the 3rd quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after acquiring an additional 428 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Gen Digital by 5.9% during the 4th quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock worth $210,000 after acquiring an additional 430 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Gen Digital by 17.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,949 shares of the company’s stock valued at $80,000 after acquiring an additional 439 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Gen Digital Trading Up 3.1%

Shares of Gen Digital stock opened at $25.84 on Friday. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22. The stock has a market capitalization of $15.57 billion, a P/E ratio of 16.35 and a beta of 1.21. The company has a 50-day simple moving average of $25.35 and a 200 day simple moving average of $23.23. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm 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 for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. 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. Research analysts expect that Gen Digital Inc. will post 2.61 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were given a dividend of $0.125 per share. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s dividend payout ratio is 31.65%.

Analysts Set New Price Targets

A number of analysts recently weighed in on GEN shares. Barclays upped their target price on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Argus raised Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 target price on shares of Gen Digital in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.33.

Insider Buying and Selling

In related news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director directly owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $27.06 per share, with a total value of $81,180.00. Following the transaction, the director owned 31,419 shares in the company, valued at approximately $850,198.14. The trade was a 10.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 9.30% of the stock is owned by corporate insiders.

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.