Gen Digital Inc. (NASDAQ:GEN – Get Free Report) saw unusually large options trading activity on Friday. Stock investors purchased 7,614 call options on the company. This represents an increase of 848% compared to the typical daily volume of 803 call options.
Insider Transactions at Gen Digital
In other Gen Digital news, Director John C. Chrystal purchased 3,000 shares of Gen Digital stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the transaction, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the transaction, the director directly owned 3,832,724 shares of the company’s stock, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in GEN. International Assets Investment Management LLC purchased a new stake in shares of Gen Digital during the 4th quarter valued at about $27,000. Grove Bank & Trust boosted its holdings in Gen Digital by 452.2% in the 2nd quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after acquiring an additional 927 shares during the period. TD Private Client Wealth LLC grew its position in Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Gen Digital in the second quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Gen Digital by 221.5% during the first 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 period. 81.38% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Read Our Latest Stock Report on GEN
Gen Digital Trading Down 1.2%
Shares of NASDAQ GEN traded down $0.32 during trading on Friday, hitting $25.68. 884,753 shares of the company traded hands, compared to its average volume of 7,041,652. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $15.47 billion, a P/E ratio of 16.22 and a beta of 1.21. The company has a 50-day moving average price of $24.29 and a 200-day moving average price of $23.29. Gen Digital has a 1 year low of $17.78 and a 1 year high of $32.22.
Gen Digital (NASDAQ:GEN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company posted $0.59 earnings per share. Gen Digital’s revenue was up 27.0% compared to the same quarter last year. 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. On average, equities analysts predict that Gen Digital will post 2.59 EPS for the current year.
Gen Digital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, May 18th. Gen Digital’s dividend payout ratio is 31.65%.
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.
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