Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 152,358 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 152,358 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $29.00, for a total value of $4,418,382.00. Following the sale, the director directly owned 3,532,904 shares of the company’s stock, valued at approximately $102,454,216. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 21st, Ondrej Vlcek sold 47,462 shares of Gen Digital stock. The shares were sold at an average price of $29.00, for a total value 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 value 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 value of $2,478,000.00.

Gen Digital Price Performance

Gen Digital stock opened at $30.50 on Friday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $23.76. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $30.93. The stock has a market capitalization of $18.26 billion, a PE ratio of 17.73 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $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. Equities analysts predict that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, August 17th. Gen Digital’s payout ratio is 29.07%.

Institutional Investors Weigh In On Gen Digital

Several institutional investors have recently modified their holdings of GEN. Larson Financial Group LLC increased its stake in Gen Digital by 20.9% in the 3rd 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 in the last quarter. Trust Co. of Vermont purchased a new stake in Gen Digital during the second quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in Gen Digital by 14.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company’s stock worth $64,000 after purchasing an additional 427 shares in the last quarter. Vident Advisory LLC grew its holdings in Gen Digital by 1.6% in the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock valued at $764,000 after purchasing an additional 428 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Gen Digital by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock valued at $210,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GEN shares. Wells Fargo & Company raised their price objective 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. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada increased their target price on Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Barclays lifted their price target on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.67.

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.