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

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $28.00, for a total value of $2,800,000.00. Following the transaction, the director owned 3,732,724 shares of the company’s stock, valued at $104,516,272. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ondrej Vlcek also recently made the following trade(s):

• 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

NASDAQ GEN traded up $0.76 during trading hours on Friday, hitting $28.93. The company had a trading volume of 7,070,499 shares, compared to its average volume of 6,617,383. The firm has a 50 day simple moving average of $26.40 and a 200 day simple moving average of $23.53. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $31.88. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 16.82 and a beta of 1.21. 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 (NASDAQ:GEN) last posted its quarterly earnings data 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 return on equity of 55.93% and a net margin of 20.73%.The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s quarterly revenue 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 expect that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is 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 29.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after acquiring an additional 28,522 shares during the period. Great Lakes Advisors LLC purchased a new stake in Gen Digital during the 1st quarter valued at $205,000. Woodline Partners LP lifted its holdings in shares of Gen Digital by 37.8% during the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after buying an additional 7,562 shares during the period. Focus Partners Wealth lifted its holdings in shares of Gen Digital by 9.7% during the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after buying an additional 1,980 shares during the period. 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 own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEN. Barclays increased their target price on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company raised their target price on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.67.

About Gen Digital

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.