Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 100,000 Shares

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $28.00, for a total value of $2,800,000.00. Following the transaction, the director directly owned 3,732,724 shares in the company, valued at approximately $104,516,272. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ondrej Vlcek also recently made the following trade(s):

• On Wednesday, June 10th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00.

Gen Digital Stock Performance

NASDAQ GEN opened at $28.93 on Friday. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 16.82 and a beta of 1.21. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $31.88. The business’s 50 day moving average is $26.49 and its two-hundred day moving average is $23.57. 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) last announced its earnings results 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 for the quarter, compared to analyst estimates 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 was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $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. Research analysts expect that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 1.7%. Gen Digital’s dividend payout ratio (DPR) is 29.07%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays lifted their target price on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research 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. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and an average price target of $31.67.

Hedge Funds Weigh In On Gen Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Gen Digital by 20.9% during the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after purchasing an additional 390 shares during the period. Trust Co. of Vermont acquired a new position in shares of Gen Digital during the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Gen Digital by 14.5% during the first 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 during the period. Vident Advisory LLC raised its holdings in Gen Digital by 1.6% during the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after purchasing an additional 428 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Gen Digital by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock worth $210,000 after purchasing an additional 430 shares during the period. 81.38% of the stock is 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.