Insider Selling: Gen Digital (NASDAQ:GEN) CFO Sells 794 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) CFO Natalie Marie Derse sold 794 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $23.62, for a total value of $18,754.28. Following the transaction, the chief financial officer owned 456,678 shares in the company, valued at $10,786,734.36. This trade represents a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gen Digital Price Performance

NASDAQ GEN traded down $0.76 on Thursday, hitting $22.34. The company had a trading volume of 7,376,353 shares, compared to its average volume of 6,283,456. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The company’s fifty day moving average price is $25.77 and its 200-day moving average price is $27.31. The company has a market capitalization of $13.53 billion, a PE ratio of 23.03, a PEG ratio of 0.76 and a beta of 1.09. Gen Digital Inc. has a 12-month low of $22.14 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. As a group, analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital’s payout ratio is 51.55%.

Institutional Investors Weigh In On Gen Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Gen Digital in the 4th quarter valued at about $27,000. True Wealth Design LLC raised its position in shares of Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the period. Spire Wealth Management lifted its holdings in Gen Digital by 1,183.3% in the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after acquiring an additional 994 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Gen Digital in the second quarter worth approximately $32,000. Finally, Clearstead Advisors LLC increased its stake in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GEN shares. Evercore lifted 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. Zacks Research lowered shares of Gen Digital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Barclays reduced their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada lowered their price target on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.29.

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.