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

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 152,358 shares of the stock in a transaction on Tuesday, August 25th. The stock was 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 in the company, valued at approximately $102,454,216. This trade represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 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 Price Performance

Shares of NASDAQ:GEN traded up $0.86 during midday trading on Thursday, hitting $30.50. The stock had a trading volume of 6,391,189 shares, compared to its average volume of 6,609,753. The company’s 50-day moving average price is $26.79 and its 200-day moving average price is $23.71. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $30.93. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $18.26 billion, a P/E ratio of 17.73 and a beta of 1.21.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.64 EPS. The firm’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. As a group, equities research analysts predict that Gen Digital Inc. will post 2.64 EPS for the current fiscal 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 paid a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital’s dividend payout ratio (DPR) is presently 29.07%.

Institutional Investors Weigh In On Gen Digital

A number of institutional investors have recently added to or reduced their stakes in GEN. International Assets Investment Management LLC bought a new position in shares of Gen Digital during the fourth quarter valued at $27,000. Grove Bank & Trust raised its position in Gen Digital by 452.2% during the 2nd quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after purchasing an additional 927 shares during the last quarter. Trust Co. of Vermont acquired a new position in Gen Digital during the 2nd quarter worth about $32,000. Weiss Asset Management LP bought a new stake in shares of Gen Digital in the 1st quarter valued at about $41,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after buying an additional 611 shares during the period. 81.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GEN has been the topic of several research analyst reports. Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company raised their price target on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Barclays upped their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. One 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 stock presently has an average rating of “Hold” and a consensus price target of $31.67.

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.