Key Points
- Gen Digital COO Bryan Seuk Ko sold 28,248 shares at an average price of $30.67, totaling approximately $866,366. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 3.66% to 744,262 shares.
- Gen Digital reported quarterly EPS of $0.71, exceeding estimates of $0.69, while revenue rose 6.3% year over year to $1.34 billion. The company also declared a quarterly dividend of $0.125 per share, equivalent to a 1.7% yield.
- Analysts hold a consensus “Hold” rating with a target price of $31.60, while institutional investors own 81.38% of the company. Shares recently traded near $29.76, below the one-year high of $31.65.
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) COO Bryan Seuk Ko sold 28,248 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $30.67, for a total transaction of $866,366.16. Following the transaction, the chief operating officer directly owned 744,262 shares in the company, valued at $22,826,515.54. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gen Digital Stock Performance
Shares of Gen Digital stock opened at $29.76 on Thursday. Gen Digital Inc. has a one year low of $17.78 and a one year high of $31.65. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.94 and a beta of 1.22. The business has a 50-day simple moving average of $28.06 and a 200 day simple moving average of $24.19. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47.
Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings results 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 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 firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior 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, research analysts anticipate that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.
Gen Digital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 17th. Gen Digital's dividend payout ratio is presently 29.07%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on GEN shares. Royal Bank Of Canada lifted their price target on shares of Gen Digital from $27.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Argus raised shares of Gen Digital to a "strong-buy" rating in a research note on Friday, May 22nd. Wall Street Zen cut shares of Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Finally, Wells Fargo & Company boosted 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.60.
Get Our Latest Analysis on GEN
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in Gen Digital in the 4th quarter valued at $27,000. Grove Bank & Trust boosted its holdings in Gen Digital by 452.2% during the 2nd quarter. Grove Bank & Trust now owns 1,132 shares of the company's stock worth $28,000 after acquiring an additional 927 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Gen Digital in the 1st quarter worth $41,000. TD Private Client Wealth LLC grew its stake in shares of Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company's stock worth $42,000 after acquiring an additional 611 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. Institutional investors own 81.38% of the company's stock.
Gen Digital Company Profile
(
Get Free Report)
Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.
Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.
See Also
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].
