Key Points
- Director Ondrej Vlcek sold 152,358 Gen Digital shares at an average price of $29, generating $4.42 million. His remaining direct ownership fell 4.13% to 3.53 million shares, and he has made several other sales recently.
- Gen Digital’s latest quarterly results exceeded expectations, with EPS of $0.71 versus the $0.69 consensus and revenue of $1.34 billion, up 6.3% year over year.
- The stock was trading near its 52-week high at $30.50, while analysts maintained a broadly neutral view: Gen Digital has an average “Hold” rating and an average price target of $31.67. The company also declared a quarterly dividend of $0.125 per share.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) Director Ondrej Vlcek sold 152,358 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $29.00, for a total value of $4,418,382.00. Following the transaction, the director directly owned 3,532,904 shares of the company's stock, valued at $102,454,216. The trade was a 4.13% decrease in their position. 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 Friday, August 21st, Ondrej Vlcek sold 47,462 shares of Gen Digital stock. The shares were sold at an average price of $29.00, for a total value of $1,376,398.00.
- On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The shares were sold at an average price of $28.00, for a total value of $2,800,000.00.
- 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 value of $2,478,000.00.
Gen Digital Trading Up 2.9%
Gen Digital stock opened at $30.50 on Friday. The stock has a market cap of $18.26 billion, a PE ratio of 17.73 and a beta of 1.21. The stock has a 50-day moving average price of $26.92 and a 200 day moving average price of $23.76. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $30.93. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00.
Gen Digital (NASDAQ:GEN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company 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. Equities research analysts predict that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.
Gen Digital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital's payout ratio is currently 29.07%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on GEN shares. Royal Bank Of Canada raised their target price on shares of Gen Digital from $27.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Barclays boosted their price target on Gen Digital from $27.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Wall Street Zen lowered Gen Digital from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Argus raised Gen Digital to a "strong-buy" rating in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Gen Digital currently has an average rating of "Hold" and an average target price of $31.67.
Get Our Latest Report on GEN
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Gen Digital by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company's stock worth $1,993,302,000 after acquiring an additional 1,096,313 shares during the period. State Street Corp grew its holdings in Gen Digital by 3.4% in the third 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 holdings in Gen Digital by 6.7% in the second 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 Gen Digital by 22.3% during the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company's stock worth $542,211,000 after purchasing an additional 3,640,451 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Gen Digital by 2,001.9% during the second quarter. California State Teachers Retirement System now owns 18,221,421 shares of the company's stock worth $453,531,000 after purchasing an additional 17,354,503 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.
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.
Further Reading
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