Key Points
- Gen Digital insider Travis Michael Witteveen sold 440 shares at an average price of $28.06, totaling $12,346.40. He retains 496,545 shares after the sale; he also sold 30,000 shares earlier in August.
- Gen Digital’s latest quarterly results exceeded expectations, with adjusted EPS of $0.71 versus the $0.69 consensus and revenue of $1.34 billion. Revenue increased 6.3% year over year.
- The company declared a quarterly dividend of $0.125 per share, implying an annualized payout of $0.50 and a 1.8% yield. Analysts’ consensus rating is Hold, with an average price target of $31.67.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) insider Travis Michael Witteveen sold 440 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $28.06, for a total transaction of $12,346.40. Following the sale, the insider owned 496,545 shares in the company, valued at approximately $13,933,052.70. The trade was a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Travis Michael Witteveen also recently made the following trade(s):
- On Monday, August 10th, Travis Michael Witteveen sold 30,000 shares of Gen Digital stock. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00.
Gen Digital Price Performance
Shares of NASDAQ GEN opened at $27.54 on Thursday. The firm has a market cap of $16.49 billion, a P/E ratio of 16.01 and a beta of 1.21. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $31.88. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The company has a 50 day moving average of $26.31 and a 200 day moving average of $23.50.
Gen Digital (NASDAQ:GEN - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. As a group, research analysts expect that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.
Gen Digital Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital's dividend payout ratio (DPR) is 29.07%.
Institutional Trading of Gen Digital
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Gen Digital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company's stock valued at $1,993,302,000 after acquiring an additional 1,096,313 shares during the period. State Street Corp grew its stake in shares of Gen Digital by 3.4% during the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company's stock valued at $867,565,000 after purchasing an additional 1,015,755 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company's stock valued at $660,730,000 after purchasing an additional 1,406,869 shares during the period. First Trust Advisors LP increased its position in shares of Gen Digital by 22.3% during the 4th quarter. First Trust Advisors LP now owns 19,941,546 shares of the company's stock valued at $542,211,000 after purchasing an additional 3,640,451 shares during the last quarter. Finally, Boston Partners increased its position in shares of Gen Digital by 14.3% during the 4th quarter. Boston Partners now owns 15,644,289 shares of the company's stock valued at $425,336,000 after purchasing an additional 1,954,712 shares during the last quarter. Institutional investors own 81.38% of the company's stock.
Analyst Upgrades and Downgrades
GEN has been the subject of a number of recent analyst reports. Barclays boosted their target price on Gen Digital from $27.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday. Royal Bank Of Canada lifted their price target on shares of Gen Digital from $27.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, August 7th. Jefferies Financial Group cut shares of Gen Digital from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Argus upgraded shares of Gen Digital to a "strong-buy" rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.67.
Read Our Latest Analysis on GEN
Gen Digital Company Profile
(
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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