Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 986,859 shares of the company's stock after purchasing an additional 131,574 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Gen Digital worth $26,191,000 at the end of the most recent quarter. Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its position in Gen Digital by 117.6% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares during the last quarter. Tsfg LLC bought a new stake in Gen Digital in the first quarter worth $52,000. Mather Group LLC increased its position in Gen Digital by 26.6% in the first quarter. Mather Group LLC now owns 3,730 shares of the company's stock worth $99,000 after purchasing an additional 783 shares during the last quarter. Curat Global LLC bought a new stake in Gen Digital in the first quarter worth $154,000. Finally, Sagespring Wealth Partners LLC bought a new stake in Gen Digital in the first quarter worth $212,000. Institutional investors own 81.38% of the company's stock. In related news, Director sold 31,646 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $28.76, for a total value of $910,138.96. Following the completion of the sale, the director directly owned 34,860 shares of the company's stock, valued at $1,002,573.60. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through . Corporate insiders own 9.30% of the company's stock. A number of research firms have weighed in on GEN. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an 'overweight' rating in a research report on Friday. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They set a 'buy' rating and a $46.00 price objective on the stock. cut shares of Gen Digital from a 'strong-buy' rating to a 'buy' rating in a research report on Saturday, July 5th. Morgan Stanley cut their price objective on shares of Gen Digital from $27.00 to $25.00 and set an 'equal weight' rating on the stock in a research report on Wednesday, April 16th. Finally, Evercore ISI began coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an 'outperform' rating and a $35.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Gen Digital currently has a consensus rating of 'Moderate Buy' and an average price target of $35.33. Gen Digital Stock Up 7.7% Shares of opened at $30.45 on Monday. The firm has a market capitalization of $18.75 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.11 and a beta of 1.00. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $31.72. The company has a current ratio of 0.50, a quick ratio of 0.51 and a debt-to-equity ratio of 3.63. The firm has a fifty day moving average price of $29.64 and a 200-day moving average price of $27.83. Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business's revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current year. Gen Digital Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 18th. Gen Digital's payout ratio is currently 48.08%. Gen Digital Inc. engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.

Mitsubishi UFJ Asset Management Co. Ltd. Acquires 131,574 Shares of Gen Digital Inc. (NASDAQ:GEN)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gen Digital Inc. by 15.4% in the first quarter, purchasing 131,574 shares to bring its total to 986,859 shares, representing approximately 0.16% of the company's stock valued at $26.191 million. Other institutional investors such as Catalyst Capital Advisors LLC, Tsfg LLC, Mather Group LLC, Curat Global LLC, and Sagespring Wealth Partners LLC also made purchases during the period. Corporate insiders sold 31,646 shares at an average price of $28.76, reducing their ownership by 47.58%. Research firms including Wells Fargo, B. Riley, Morgan Stanley, and Evercore ISI provided ratings and price targets on Gen Digital, with a consensus rating of 'Moderate Buy' and an average price target of $35.33. The company reported strong quarterly earnings of $0.64 EPS and $1.26 billion in revenue, exceeding estimates, and announced a quarterly dividend of $0.125 per share with a yield of 1.6%. Gen Digital operates in the cybersecurity sector, offering protection products under brands like Norton, Avast, Avira, AVG, and CCleaner across global markets.