Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 200,000 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $6,000,000.00. Following the sale, the director owned 3,332,904 shares in the company, valued at approximately $99,987,120. The trade was a 5.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, August 25th, Ondrej Vlcek sold 152,358 shares of Gen Digital stock. The stock was sold at an average price of $29.00, for a total transaction of $4,418,382.00.
• On Friday, August 21st, Ondrej Vlcek sold 47,462 shares of Gen Digital stock. The stock was sold at an average price of $29.00, for a total transaction of $1,376,398.00.
• On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $28.00, for a total transaction 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 transaction of $2,478,000.00.

Gen Digital Stock Up 1.7%

Shares of NASDAQ:GEN opened at $31.02 on Friday. The firm has a 50 day simple moving average of $27.06 and a 200 day simple moving average of $23.81. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $31.29. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $18.57 billion, a PE ratio of 18.03 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, topping the consensus estimate of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $0.64 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. 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. As a group, research analysts expect that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Gen Digital’s payout ratio is currently 29.07%.

Hedge Funds Weigh In On Gen Digital

Several institutional investors and hedge funds have recently modified their holdings of GEN. International Assets Investment Management LLC acquired a new stake in Gen Digital during the fourth quarter valued at $27,000. Grove Bank & Trust grew its stake in Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after purchasing an additional 927 shares in the last quarter. Trust Co. of Vermont acquired a new position in Gen Digital in the 2nd quarter worth about $32,000. Weiss Asset Management LP acquired a new position in Gen Digital in the 1st quarter worth about $41,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GEN shares. Barclays upped their price target on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada upped their target price on Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Gen Digital has an average 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.