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

by · The Markets Daily

Gen Digital Inc. (NASDAQ:GENGet Free Report) Director Ondrej Vlcek sold 200,000 shares of Gen Digital stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the transaction, the director owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 value 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 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 value 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 value of $2,478,000.00.

Gen Digital Price Performance

GEN stock traded up $0.52 during mid-day trading on Friday, reaching $31.02. 5,951,420 shares of the company traded hands, compared to its average volume of 6,605,773. The company has a fifty day moving average price of $26.92 and a 200-day moving average price of $23.76. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $31.29. The company has a market capitalization of $18.57 billion, a P/E ratio of 18.03 and a beta of 1.21. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47.

Gen Digital (NASDAQ:GENGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’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, analysts anticipate that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 1.6%. Gen Digital’s dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

GEN has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price target 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. Barclays increased their price objective on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Wells Fargo & Company boosted their target price on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One equities 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.67.

View Our Latest Stock Analysis on Gen Digital

Institutional Investors Weigh In On Gen Digital

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Gen Digital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock worth $1,993,302,000 after buying an additional 1,096,313 shares during the last quarter. State Street Corp lifted its holdings in shares of Gen Digital by 3.4% during the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after acquiring an additional 1,015,755 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after acquiring an additional 1,406,869 shares during the last quarter. First Trust Advisors LP grew its position in Gen Digital by 22.3% in the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after acquiring an additional 3,640,451 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in Gen Digital by 2,001.9% in the second quarter. California State Teachers Retirement System now owns 18,221,421 shares of the company’s stock worth $453,531,000 after acquiring an additional 17,354,503 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Company Profile

(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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