Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 113,674 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 113,674 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total value of $3,082,838.88. Following the sale, the director owned 3,932,980 shares of the company’s stock, valued at approximately $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gen Digital Stock Performance

Shares of Gen Digital stock opened at $27.67 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.43. The company has a market cap of $17.06 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 0.92 and a beta of 1.11. The business has a 50 day moving average price of $26.68 and a 200-day moving average price of $28.62. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. 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. Equities analysts anticipate that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a $0.125 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s payout ratio is presently 54.35%.

Institutional Trading of Gen Digital

A number of hedge funds have recently bought and sold shares of the company. Choreo LLC grew its holdings in Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company’s stock valued at $297,000 after purchasing an additional 315 shares during the period. Beacon Pointe Advisors LLC lifted its position in shares of Gen Digital by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company’s stock valued at $279,000 after buying an additional 357 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company’s stock valued at $63,000 after acquiring an additional 381 shares during the period. Larson Financial Group LLC increased 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 worth $64,000 after acquiring an additional 390 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Gen Digital by 48.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GEN. Morgan Stanley boosted their price target on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Royal Bank Of Canada decreased their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Evercore ISI upped their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.43.

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.