Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 100,000 Shares of Stock

by · The Cerbat Gem

Gen Digital Inc. (NASDAQ:GENGet Free Report) Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gen Digital Stock Performance

Shares of GEN opened at $24.32 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $23.60. The company has a market cap of $14.65 billion, a PE ratio of 15.39 and a beta of 1.21. Gen Digital Inc. has a one year low of $17.78 and a one year high of $32.22.

Gen Digital (NASDAQ:GENGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. 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. On average, equities research analysts predict that Gen Digital Inc. will post 2.59 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Hedge Funds Weigh In On Gen Digital

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in Gen Digital during the 4th quarter valued at about $27,000. Clearstead Advisors LLC boosted its stake in shares of Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Gen Digital in the 1st quarter worth approximately $41,000. TD Private Client Wealth LLC boosted its stake in shares of Gen Digital by 65.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after buying an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and a consensus target price of $31.29.

Check Out Our Latest Stock Analysis on Gen Digital

About Gen Digital

(Get Free Report)

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.

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