Gen Digital (NASDAQ:GEN) COO Bryan Seuk Ko Sells 28,248 Shares

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 transaction of $866,366.16. Following the transaction, the chief operating officer directly owned 744,262 shares of the company’s stock, valued at $22,826,515.54. The trade was a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gen Digital Stock Performance

Shares of Gen Digital stock opened at $29.76 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. Gen Digital Inc. has a twelve month low of $17.78 and a twelve month high of $31.65. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.94 and a beta of 1.22. The company’s fifty day moving average is $28.06 and its 200 day moving average is $24.19.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.Gen Digital’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $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. Sell-side analysts forecast that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a $0.125 dividend. 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 is presently 29.07%.

Institutional Investors Weigh In On Gen Digital

A number of hedge funds have recently added to or reduced their stakes in GEN. California State Teachers Retirement System boosted its holdings in shares of 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 buying an additional 17,354,503 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Gen Digital during the 2nd quarter worth approximately $225,169,000. Deutsche Bank AG bought a new stake in shares of Gen Digital in the 2nd quarter valued at $146,639,000. Bank of New York Mellon Corp bought a new stake in shares of Gen Digital in the 2nd quarter valued at $108,421,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Gen Digital by 45.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 13,094,386 shares of the company’s stock valued at $246,567,000 after acquiring an additional 4,115,676 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GEN. Wells Fargo & Company increased their target price on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Gen Digital has an average rating of “Hold” and a consensus target price 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.