Key Points
- Director Ondrej Vlcek sold 100,000 shares of Gen Digital on June 10 at an average price of $24.78, totaling about $2.48 million. After the sale, he still owned 3.83 million shares.
- Gen Digital beat quarterly earnings expectations, reporting $0.67 EPS versus the $0.65 estimate and revenue of $1.28 billion versus $1.25 billion expected. Revenue rose 27% year over year.
- The company paid a quarterly dividend of $0.125 per share, equal to an annualized yield of 2.1%. Analysts currently have a consensus Hold rating with an average price target of $31.29.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) Director Ondrej Vlcek sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. The trade was a 2.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Gen Digital Price Performance
Shares of NASDAQ GEN opened at $24.32 on Friday. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $32.22. The stock's 50 day moving average price is $22.13 and its 200-day moving average price is $23.60. The company has a market capitalization of $14.65 billion, a PE ratio of 15.39 and a beta of 1.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.
Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company's revenue was up 27.0% compared to the same quarter last year. 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 analysts anticipate that Gen Digital Inc. will post 2.59 EPS for the current year.
Gen Digital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, May 18th. Gen Digital's payout ratio is presently 31.65%.
Wall Street Analyst Weigh In
GEN has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They issued an "equal weight" rating and a $22.00 target price on the stock. Barclays upped their price objective on Gen Digital from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their price objective on Gen Digital from $22.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, May 8th. Argus upgraded Gen Digital to a "strong-buy" rating in a research note on Friday, May 22nd. Finally, Zacks Research upgraded Gen Digital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 18th. One equities 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's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.29.
Check Out Our Latest Stock Report on Gen Digital
Hedge Funds Weigh In On Gen Digital
Several institutional investors have recently bought and sold shares of GEN. International Assets Investment Management LLC purchased a new position in Gen Digital in the fourth quarter valued at approximately $27,000. Clearstead Advisors LLC lifted its stake in Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company's stock valued at $35,000 after purchasing an additional 400 shares during the last quarter. Weiss Asset Management LP purchased a new position in Gen Digital in the first quarter valued at approximately $41,000. TD Private Client Wealth LLC lifted its stake in Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company's stock valued at $42,000 after purchasing an additional 611 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after acquiring an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.
About Gen Digital
(
Get Free Report)
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.
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