Bryan Seuk Ko Sells 28,248 Shares of Gen Digital (NASDAQ:GEN) Stock

Gen Digital Inc. (NASDAQ:GEN) COO Bryan Seuk Ko sold 28,248 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $30.67, for a total value of $866,366.16. Following the sale, the chief operating officer owned 744,262 shares in the company, valued at approximately $22,826,515.54. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gen Digital Trading Up 0.7%

Gen Digital stock opened at $29.97 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $31.65. The stock has a market cap of $17.94 billion, a P/E ratio of 17.42, a PEG ratio of 0.94 and a beta of 1.22. The firm’s fifty day moving average price is $28.13 and its 200-day moving average price is $24.24.

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, beating 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.64 earnings per share. Gen Digital’s revenue for the quarter was up 6.3% on a year-over-year basis. 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 research analysts forecast that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEN. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Argus upgraded Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wells Fargo & Company lifted their price target on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Gen Digital has a consensus rating of “Hold” and an average price target of $31.60.

Institutional Trading of Gen Digital

Several hedge funds and other institutional investors have recently made changes to their positions in GEN. California State Teachers Retirement System increased its holdings in shares of Gen Digital by 2,001.9% during the second quarter. California State Teachers Retirement System now owns 18,221,421 shares of the company’s stock valued at $453,531,000 after acquiring an additional 17,354,503 shares in the last quarter. Legal & General Group Plc purchased a new position in Gen Digital in the second quarter worth about $225,169,000. Deutsche Bank AG purchased a new stake in shares of Gen Digital during the second quarter valued at approximately $146,639,000. Bank of New York Mellon Corp bought a new stake in shares of Gen Digital during the second quarter valued at approximately $108,421,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Gen Digital by 45.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 13,094,386 shares of the company’s stock worth $246,567,000 after acquiring an additional 4,115,676 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.