Insider Selling: Gen Digital (NASDAQ:GEN) COO Sells $866,366.16 in Stock

Gen Digital Inc. (NASDAQ:GEN) COO Bryan Seuk Ko sold 28,248 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $30.67, for a total value of $866,366.16. Following the sale, the chief operating officer directly owned 744,262 shares in the company, valued at approximately $22,826,515.54. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gen Digital Trading Up 1.0%

Shares of GEN stock opened at $30.26 on Friday. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $31.65. The stock’s fifty day simple moving average is $28.20 and its 200 day simple moving average is $24.28. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $18.11 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.95 and a beta of 1.22.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 6th. The company reported $0.71 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.64 earnings per share. The business’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. As a group, sell-side analysts predict that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were given a dividend of $0.125 per share. The ex-dividend date was Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 1.7%. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of Gen Digital by 3.4% during the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after buying an additional 1,015,755 shares during the period. Ameriprise Financial Inc. boosted its position in Gen Digital by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after acquiring an additional 1,406,869 shares during the last quarter. First Trust Advisors LP boosted its position in Gen Digital by 22.3% during the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock valued at $542,211,000 after acquiring an additional 3,640,451 shares during the last quarter. California State Teachers Retirement System grew its holdings in Gen Digital by 2,001.9% during the 2nd 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 during the period. Finally, Boston Partners grew its holdings in Gen Digital by 14.3% during the 4th quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after acquiring an additional 1,954,712 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

GEN has been the subject of several recent research reports. Royal Bank Of Canada upped 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. 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 note on Friday, August 7th. Argus upgraded Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gen Digital currently has a consensus rating of “Hold” and an average price target of $31.60.

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.