Hixon Zuercher LLC Has $2.39 Million Position in Gen Digital Inc. $GEN

Hixon Zuercher LLC grew its stake in shares of Gen Digital Inc. (NASDAQ:GEN) by 49.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,093 shares of the company’s stock after acquiring an additional 42,153 shares during the period. Hixon Zuercher LLC’s holdings in Gen Digital were worth $2,393,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GEN. International Assets Investment Management LLC acquired a new stake in Gen Digital during the fourth quarter valued at $27,000. Clearstead Advisors LLC increased its position in Gen Digital by 48.6% in 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. TD Private Client Wealth LLC increased its position in Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Gen Digital during the 2nd quarter worth about $47,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Gen Digital by 221.5% during the 1st 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. 81.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GEN shares. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company began coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective on the stock. Royal Bank Of Canada lifted their target price on shares of Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Barclays lifted 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. Finally, Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.29.

Insider Activity at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Chrystal purchased 3,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.30% of the company’s stock.

Gen Digital Price Performance

Shares of NASDAQ:GEN opened at $23.26 on Wednesday. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The business has a 50-day moving average of $22.85 and a two-hundred day moving average of $23.46. The stock has a market capitalization of $14.01 billion, a P/E ratio of 14.72 and a beta of 1.21. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts predict that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. 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.