Charles Schwab Investment Management Inc.,
Chicago Partners Investment Group LLC, and
Vanguard Group Inc. have collectively acquired several shares of Gen Digital Inc, contributing to its
stock price peak. Additionally, an undisclosed director purchased a substantial number of GEN shares, demonstrating confidence in the company's long-term value. Simultaneously, companies such as
Lyrical Asset Management LP and
Deutsche Bank AG reduced their Gen Digital holdings. Despite these opposing actions,
Barclays and
Wells Fargo issued positive forecasts for Gen Digital due to strong Q1 earnings and AI-driven guidance.
Gen Digital's stock rose by 9.8% on robust earnings release, marking it a strong momentum and growth stock. Conversely, Gen Digital shares fell by 1.20% due to inflation data. Reports suggest that Gen Digital is outperforming other Business Services stocks. The company declared a US$0.125 quarterly dividend, with future dividend projections appearing to be well covered. It will release its Q2 2026 earnings guidance shortly.
B. Riley initiated coverage on Gen Digital stock with a buy rating, hinting at a turn in its consumer security strategy.
Gen Digital Stocks GEN News Analytics from Wed, 07 May 2025 07:00:00 GMT to Sun, 17 Aug 2025 01:24:58 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -4
