Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 113,674 Shares
by Michael Walen · The Markets DailyGen Digital Inc. (NASDAQ:GEN – Get Free Report) Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the sale, the director owned 3,932,980 shares in the company, valued at approximately $106,662,417.60. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Gen Digital Price Performance
NASDAQ GEN traded down $0.11 on Friday, reaching $27.67. The company’s stock had a trading volume of 3,723,109 shares, compared to its average volume of 4,097,583. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s 50 day moving average is $26.68 and its two-hundred day moving average is $28.62. The stock has a market cap of $17.06 billion, a PE ratio of 30.08, a PEG ratio of 0.92 and a beta of 1.11.
Gen Digital (NASDAQ:GEN – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.
Gen Digital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, November 17th. Gen Digital’s dividend payout ratio is 54.35%.
Wall Street Analyst Weigh In
GEN has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada decreased their price target on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Morgan Stanley lifted their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on shares of Gen Digital in a report on Friday, October 3rd. They issued a “hold” rating and a $31.00 target price for the company. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gen Digital presently has an average rating of “Hold” and an average target price of $35.43.
Get Our Latest Analysis on Gen Digital
Institutional Investors Weigh In On Gen Digital
Several hedge funds have recently bought and sold shares of GEN. True Wealth Design LLC increased its holdings in shares of Gen Digital by 92.0% in the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after purchasing an additional 529 shares during the period. Spire Wealth Management grew its position in Gen Digital by 1,183.3% during the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after purchasing an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Gen Digital in the 2nd quarter valued at approximately $32,000. Clearstead Advisors LLC increased its stake in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Gen Digital in the 2nd quarter worth approximately $44,000. 81.38% of the stock is owned by hedge funds and other institutional investors.
About Gen Digital
Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.
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