Insider Selling: Gen Digital (NASDAQ:GEN) Director Sells $2,478,000.00 in Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the transaction, the director directly owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. The trade was a 2.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gen Digital Price Performance

GEN stock opened at $24.32 on Monday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $14.65 billion, a PE ratio of 15.39 and a beta of 1.20. The business has a 50 day simple moving average of $22.13 and a 200-day simple moving average of $23.58.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Equities research analysts anticipate that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is currently 31.65%.

Hedge Funds Weigh In On Gen Digital

Several large investors have recently modified their holdings of GEN. Goldman Sachs Group Inc. lifted its stake in shares of Gen Digital by 1.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after purchasing an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Gen Digital in the 1st quarter valued at $205,000. Woodline Partners LP lifted its stake in shares of Gen Digital by 37.8% in the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after purchasing an additional 7,562 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada increased their price target on Gen Digital from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays increased their price target on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company assumed coverage on Gen Digital in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Gen Digital currently has a consensus rating of “Hold” and an average target price of $31.29.

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.