Ondrej Vlcek Sells 152,358 Shares of Gen Digital (NASDAQ:GEN) Stock

Gen Digital Inc. (NASDAQ:GEN) Director Ondrej Vlcek sold 152,358 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $29.00, for a total transaction of $4,418,382.00. Following the transaction, the director owned 3,532,904 shares of the company’s stock, valued at approximately $102,454,216. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ondrej Vlcek also recently made the following trade(s):

• On Friday, August 21st, Ondrej Vlcek sold 47,462 shares of Gen Digital stock. The shares were sold at an average price of $29.00, for a total transaction of $1,376,398.00.
• On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $28.00, for a total transaction of $2,800,000.00.
• On Wednesday, June 10th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00.

Gen Digital Trading Up 2.9%

GEN traded up $0.86 during trading on Thursday, reaching $30.50. 6,391,189 shares of the stock traded hands, compared to its average volume of 6,609,753. 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 stock has a market capitalization of $18.26 billion, a PE ratio of 17.73 and a beta of 1.21. The stock’s 50-day moving average is $26.79 and its 200 day moving average is $23.71. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $30.93.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm 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%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $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. Equities analysts anticipate that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 1.6%. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Barclays boosted their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wells Fargo & Company increased their target price 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. Finally, Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.67.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds have recently added to or reduced their stakes in GEN. Assenagon Asset Management S.A. bought a new stake in shares of Gen Digital in the second quarter valued at $25,920,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gen Digital by 9.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock worth $30,128,000 after acquiring an additional 102,345 shares during the last quarter. Legal & General Group Plc increased its holdings in Gen Digital by 3.8% in the 4th quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock worth $247,027,000 after acquiring an additional 334,156 shares during the last quarter. National Pension Service raised its stake in Gen Digital by 13.6% in the 4th quarter. National Pension Service now owns 934,892 shares of the company’s stock valued at $25,420,000 after acquiring an additional 112,136 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Gen Digital by 17.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company’s stock valued at $7,245,000 after acquiring an additional 58,319 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

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.