Gen Digital Inc. (NASDAQ:GEN - Get Free Report) Director Ondrej Vlcek sold 200,000 shares of Gen Digital stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the director owned 3,332,904 shares of the company's stock, valued at $99,987,120. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ondrej Vlcek also recently made the following trade(s):
- On Tuesday, August 25th, Ondrej Vlcek sold 152,358 shares of Gen Digital stock. The stock was sold at an average price of $29.00, for a total transaction of $4,418,382.00.
- On Friday, August 21st, Ondrej Vlcek sold 47,462 shares of Gen Digital stock. The stock was sold at an average price of $29.00, for a total transaction 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 transaction 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 transaction of $2,478,000.00.
Gen Digital Stock Up 1.7%
GEN stock opened at $31.02 on Friday. 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 Inc. has a 1 year low of $17.78 and a 1 year high of $31.29. The company has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $23.81. The firm has a market cap of $18.57 billion, a PE ratio of 18.03 and a beta of 1.21.
Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. Gen Digital's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. 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. Sell-side analysts anticipate that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.
Gen Digital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, August 17th. Gen Digital's dividend payout ratio is 29.07%.
Institutional Investors Weigh In On Gen Digital
Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Gen Digital during the 2nd quarter valued at $25,920,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Gen Digital by 9.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company's stock valued at $30,128,000 after buying an additional 102,345 shares during the last quarter. Legal & General Group Plc raised its position in shares of Gen Digital by 3.8% during the fourth quarter. Legal & General Group Plc now owns 9,085,216 shares of the company's stock valued at $247,027,000 after buying an additional 334,156 shares during the last quarter. National Pension Service lifted its stake in shares of Gen Digital by 13.6% in the fourth quarter. National Pension Service now owns 934,892 shares of the company's stock valued at $25,420,000 after buying an additional 112,136 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Gen Digital by 17.9% during the first quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company's stock worth $7,245,000 after buying an additional 58,319 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.
Analyst Ratings Changes
GEN has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Gen Digital from $22.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Royal Bank Of Canada upped their target price on Gen Digital from $27.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Wall Street Zen downgraded Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Weiss Ratings raised shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Finally, Argus upgraded shares of Gen Digital to a "strong-buy" rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Gen Digital has a consensus rating of "Hold" and an average price target of $31.67.
View 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.
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