Key Points
- Director Ondrej Vlcek sold 47,462 Gen Digital shares at an average price of $29, generating $1.38 million and reducing his ownership by 1.27%. He also sold 100,000 shares each in August and June.
- Gen Digital reported quarterly EPS of $0.71, beating estimates by $0.02, while revenue rose 6.3% year over year to $1.34 billion. The company also declared a quarterly dividend of $0.125 per share, or $0.50 annualized.
- Analysts have an average “Hold” rating and a consensus price target of $31.67, while GEN trades near $29.31 with institutional investors owning 81.38% of the shares.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) Director Ondrej Vlcek sold 47,462 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $29.00, for a total transaction of $1,376,398.00. Following the sale, the director owned 3,685,262 shares of the company's stock, valued at approximately $106,872,598. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ondrej Vlcek also recently made the following trade(s):
- On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $28.00, for a total transaction of $2,800,000.00.
- On Wednesday, June 10th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00.
Gen Digital Trading Up 0.7%
NASDAQ:GEN opened at $29.31 on Wednesday. The company's 50 day moving average price is $26.68 and its 200-day moving average price is $23.66. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $31.13. 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 stock has a market cap of $17.54 billion, a price-to-earnings ratio of 17.04 and a beta of 1.21.
Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts forecast that Gen Digital Inc. will post 2.64 earnings per share 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 1.7%. Gen Digital's dividend payout ratio (DPR) is 29.07%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on GEN. 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. 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. Wall Street Zen cut shares of Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Argus upgraded shares of Gen Digital to a "strong-buy" rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company lifted their target price 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. 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.com, Gen Digital currently has an average rating of "Hold" and a consensus target price of $31.67.
View Our Latest Analysis on GEN
Institutional Investors Weigh In On Gen Digital
A number of large investors have recently made changes to their positions in GEN. Goldman Sachs Group Inc. increased its position in shares of Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company's stock valued at $71,757,000 after purchasing an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Gen Digital in the first quarter worth approximately $205,000. Woodline Partners LP boosted its holdings in shares of Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company's stock worth $732,000 after buying an additional 7,562 shares during the last quarter. Focus Partners Wealth grew its position in Gen Digital by 9.7% during the first quarter. Focus Partners Wealth now owns 22,347 shares of the company's stock valued at $593,000 after buying an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after buying an additional 1,183 shares during the period. 81.38% of the stock is currently owned by institutional investors.
Gen Digital Company Profile
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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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