Gen Digital Inc. (NASDAQ:GEN - Get Free Report) insider Travis Witteveen sold 30,000 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $29.75, for a total value of $892,500.00. Following the sale, the insider owned 466,545 shares of the company's stock, valued at approximately $13,879,713.75. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Travis Michael Witteveen also recently made the following trade(s):
- On Monday, August 17th, Travis Witteveen sold 440 shares of Gen Digital stock. The shares were sold at an average price of $28.06, for a total value of $12,346.40.
- On Monday, August 10th, Travis Witteveen sold 30,000 shares of Gen Digital stock. The stock was sold at an average price of $29.42, for a total value of $882,600.00.
Gen Digital Price Performance
Shares of NASDAQ GEN opened at $30.89 on Thursday. The firm has a market cap of $18.33 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24. The business's 50 day moving average is $26.57 and its 200-day moving average is $24.45. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.57. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $31.65.
Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Gen Digital had a return on equity of 56.80% and a net margin of 23.07%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that Gen Digital Inc. will post 2.65 earnings per share for the current year.
Gen Digital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Gen Digital's dividend payout ratio (DPR) is currently 25.13%.
Institutional Investors Weigh In On Gen Digital
A number of large investors have recently added to or reduced their stakes in GEN. EverSource Wealth Advisors LLC raised its holdings in Gen Digital by 14.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company's stock valued at $64,000 after acquiring an additional 427 shares in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Gen Digital by 5.1% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 12,231 shares of the company's stock worth $304,000 after purchasing an additional 591 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Gen Digital by 3.4% during the 2nd quarter. Empirical Finance LLC now owns 20,252 shares of the company's stock worth $504,000 after purchasing an additional 659 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Gen Digital by 5.1% in the first quarter. D.A. Davidson & CO. now owns 14,100 shares of the company's stock worth $266,000 after purchasing an additional 679 shares during the period. Finally, Legacy Capital Group California Inc. increased its position in shares of Gen Digital by 2.1% in the first quarter. Legacy Capital Group California Inc. now owns 35,538 shares of the company's stock worth $669,000 after purchasing an additional 723 shares during the period. Institutional investors and hedge funds own 81.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Gen Digital from $22.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Morgan Stanley raised their price target on shares of Gen Digital from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 29th. Royal Bank Of Canada lifted their price objective on shares of Gen Digital from $24.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Finally, Wall Street Zen downgraded shares of Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $31.60.
View Our Latest Analysis on Gen Digital
Gen Digital Company Profile
(
Get Free Report)
Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.
The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.
Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.
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