Insider Selling: Gen Digital (NASDAQ:GEN) Director Sells $1,376,398.00 in Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 47,462 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $29.00, for a total transaction of $1,376,398.00. Following the sale, the director directly owned 3,685,262 shares of the company’s stock, valued at $106,872,598. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $4,418,382.00.
• On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The shares were 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 stock was 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 opened at $30.50 on Friday. The company has a fifty day moving average price of $26.92 and a 200 day moving average price of $23.76. The firm has a market cap of $18.26 billion, a PE ratio of 17.73 and a beta of 1.21. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $30.93.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results 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. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. 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. Research analysts predict that Gen Digital Inc. will post 2.64 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 17th. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Barclays raised their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. 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 stock. Based on data from MarketBeat, Gen Digital presently has an average rating of “Hold” and a consensus price target of $31.67.

Institutional Investors Weigh In On Gen Digital

Several hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after acquiring an additional 390 shares during the period. Trust Co. of Vermont bought a new stake in shares of Gen Digital during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Gen Digital by 14.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company’s stock worth $64,000 after acquiring an additional 427 shares during the period. Vident Advisory LLC grew its position in shares of Gen Digital by 1.6% in the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock valued at $764,000 after purchasing an additional 428 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Gen Digital by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock valued at $210,000 after purchasing an additional 430 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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.