Insider Selling: Gen Digital (NASDAQ:GEN) Director Sells 100,000 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gen Digital Stock Up 1.6%

Shares of NASDAQ GEN traded up $0.38 during mid-day trading on Friday, reaching $24.32. 4,831,361 shares of the company’s stock were exchanged, compared to its average volume of 7,108,974. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 15.39 and a beta of 1.21. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The business has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $23.60. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. As a group, equities analysts expect that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio is currently 31.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Argus raised Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada raised their price target on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Gen Digital in the fourth quarter valued at approximately $27,000. Clearstead Advisors LLC grew its stake in Gen Digital by 48.6% in the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares in the last quarter. Weiss Asset Management LP bought a new position in Gen Digital in the first quarter valued at approximately $41,000. TD Private Client Wealth LLC grew its stake in Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after purchasing an additional 611 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in 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 in the last quarter. 81.38% of the stock is currently owned by institutional investors.

About Gen Digital

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.