Signal Advisors Wealth LLC Takes $573,000 Position in Gen Digital Inc. $GEN

Signal Advisors Wealth LLC acquired a new stake in Gen Digital Inc. (NASDAQ:GEN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,456 shares of the company’s stock, valued at approximately $573,000.

A number of other institutional investors have also recently added to or reduced their stakes in GEN. Goldman Sachs Group Inc. raised its stake in shares of Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after acquiring an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Gen Digital in the first quarter valued at $205,000. Woodline Partners LP increased its holdings in Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after purchasing an additional 7,562 shares during the period. Focus Partners Wealth raised its position in shares of Gen Digital by 9.7% during the first quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock worth $593,000 after acquiring an additional 1,980 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Gen Digital

In other news, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director directly owned 31,419 shares of the company’s stock, valued at $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the company’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 owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the topic of several recent analyst reports. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wells Fargo & Company began coverage on Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price for the company. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays increased their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.29.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $23.56 on Thursday. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 14.91 and a beta of 1.21. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s 50-day simple moving average is $22.94 and its 200 day simple moving average is $23.43.

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

Gen Digital Dividend Announcement

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