Key Points
- Gen Digital director Ondrej Vlcek sold 100,000 shares at an average price of $28, generating $2.8 million; he retains 3,732,724 shares valued at approximately $104.5 million.
- Gen Digital reported quarterly EPS of $0.71 and revenue of $1.34 billion, exceeding analyst estimates, while revenue increased 6.3% year over year.
- The company declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 1.7% yield; analysts maintain an overall “Hold” rating with an average price target of $31.67.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) Director Ondrej Vlcek sold 100,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $28.00, for a total transaction of $2,800,000.00. Following the completion of the sale, the director owned 3,732,724 shares in the company, valued at approximately $104,516,272. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Ondrej Vlcek also recently made the following trade(s):
- On Wednesday, June 10th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00.
Gen Digital Stock Up 2.7%
NASDAQ GEN opened at $28.93 on Friday. The company has a market capitalization of $17.32 billion, a P/E ratio of 16.82 and a beta of 1.21. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $31.88. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The company's 50 day simple moving average is $26.49 and its 200 day simple moving average is $23.57.
Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. Gen Digital's revenue for the quarter was up 6.3% compared to the same quarter last year. 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. Equities research analysts expect that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.
Gen Digital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Gen Digital's payout ratio is currently 29.07%.
Hedge Funds Weigh In On Gen Digital
Several institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Gen Digital during the 4th quarter worth about $27,000. Grove Bank & Trust increased its holdings in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company's stock valued at $28,000 after purchasing an additional 927 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Gen Digital during the second quarter worth $32,000. Weiss Asset Management LP acquired a new stake in Gen Digital in the first quarter worth about $41,000. Finally, TD Private Client Wealth LLC lifted its position in Gen Digital by 65.8% during the 4th 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 period. Institutional investors own 81.38% of the company's stock.
Analyst Upgrades and Downgrades
GEN has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Gen Digital from $22.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Argus upgraded Gen Digital to a "strong-buy" rating in a report on Friday, May 22nd. Wall Street Zen cut Gen Digital from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Royal Bank Of Canada boosted their target price on Gen Digital from $27.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Finally, Barclays raised their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.67.
Read Our Latest Stock Analysis on GEN
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
