Rep. Jefferson Shreve Sells Gen Digital Inc. (NASDAQ:GEN) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Gen Digital Inc. (NASDAQ:GEN). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Gen Digital stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Gen Digital Stock Performance

Shares of NASDAQ:GEN traded up $0.09 on Monday, hitting $29.00. 676,878 shares of the company were exchanged, compared to its average volume of 3,905,814. The company’s 50 day moving average price is $26.07 and its two-hundred day moving average price is $27.58. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.35 and a current ratio of 0.35. Gen Digital Inc. has a one year low of $22.74 and a one year high of $31.72.

Gen Digital (NASDAQ:GEN) last released its earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $999.48 million. Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. Research analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 19th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Monday, May 19th. Gen Digital’s dividend payout ratio (DPR) is presently 48.08%.

Institutional Investors Weigh In On Gen Digital

Several large investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC boosted its stake in Gen Digital by 117.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after buying an additional 854 shares in the last quarter. Tsfg LLC bought a new position in shares of Gen Digital during the first quarter valued at $52,000. Mather Group LLC. boosted its stake in shares of Gen Digital by 26.6% in the 1st quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares in the last quarter. Curat Global LLC bought a new stake in shares of Gen Digital in the 1st quarter worth about $154,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Gen Digital during the 1st quarter worth about $212,000. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GEN has been the topic of a number of research reports. Morgan Stanley lowered their price objective on Gen Digital from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on shares of Gen Digital from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $27.50.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

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Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.