Gen Digital (NASDAQ:GEN) Director Acquires $81,180.00 in Stock

Gen Digital Inc. (NASDAQ:GEN) Director John Chrystal acquired 3,000 shares of the stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the transaction, the director directly owned 31,419 shares in the company, valued at approximately $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Gen Digital Stock Performance

NASDAQ GEN opened at $26.28 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $15.83 billion, a P/E ratio of 16.63 and a beta of 1.20. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $32.22. The firm has a 50-day moving average price of $21.52 and a two-hundred day moving average price of $23.64.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. 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. Analysts anticipate that Gen Digital Inc. will post 2.59 earnings per share for the current year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s payout ratio is currently 31.65%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GEN shares. Royal Bank Of Canada upped their price target on shares of Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Barclays upped their price objective on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Gen Digital in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given 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 $31.29.

Institutional Investors Weigh In On Gen Digital

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of Gen Digital by 38,275.3% during the fourth quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock worth $5,078,000 after buying an additional 194,056 shares during the period. Vanguard Group Inc. increased its position in shares of Gen Digital by 1.4% during the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock worth $2,050,150,000 after buying an additional 964,046 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Gen Digital during the third quarter worth $8,238,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Gen Digital by 9.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock worth $30,128,000 after buying an additional 102,345 shares during the period. Finally, LBP AM SA boosted its stake in Gen Digital by 63.7% during the fourth quarter. LBP AM SA now owns 738,272 shares of the company’s stock worth $20,074,000 after acquiring an additional 287,369 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Company Profile

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.