5 Most Undervalued Tech Stocks To Buy According To Hedge Funds

Page 5 of 5

1. Gen Digital Inc. (NASDAQ:GEN)

Number of Hedge Fund Investors In Q2 2023: 36

Latest P/E Ratio: 9.86

Gen Digital Inc. (NASDAQ:GEN) is one of the best known technology firms in the world through its different software products such as Norton and Avast. Barclays kept an Overweight rating on the shares in August, and the stock is rated Buy on average.

36 out of the 910 hedge funds part of Insider Monkey’s Q1 2023 database had invested in Gen Digital Inc. (NASDAQ:GEN). Jeffrey Smith’s Starboard Value LP is the biggest stakeholder among these since it holds a $350 million stake.

Follow Gen Digital Inc. (NASDAQ:GEN)

Disclosure: None.  You can also take a look at 12 Best Short Squeeze Stocks to Buy Now and Top 25 Countries with the Most Facebook Users.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter

Page 5 of 5