Gen Digital Inc. (NASDAQ:GEN – Get Free Report) insider Travis Michael Witteveen sold 440 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $28.06, for a total transaction of $12,346.40. Following the transaction, the insider directly owned 496,545 shares of the company’s stock, valued at $13,933,052.70. The trade was a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Travis Michael Witteveen also recently made the following trade(s):
- On Monday, August 10th, Travis Michael Witteveen sold 30,000 shares of Gen Digital stock. The shares were sold at an average price of $29.42, for a total value of $882,600.00.
Gen Digital Price Performance
Shares of GEN stock traded down $0.10 during trading hours on Wednesday, hitting $27.54. 4,239,924 shares of the company’s stock were exchanged, compared to its average volume of 6,619,896. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $31.88. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00. The business’s 50 day simple moving average is $26.26 and its 200-day simple moving average is $23.48. The company has a market capitalization of $16.49 billion, a PE ratio of 16.01 and a beta of 1.21.
Gen Digital Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is 29.07%.
Analyst Upgrades and Downgrades
GEN has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Wells Fargo & Company increased their target price on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital has an average rating of “Hold” and a consensus target price of $31.67.
View Our Latest Stock Analysis on Gen Digital
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of GEN. Goldman Sachs Group Inc. grew its position in Gen Digital by 1.1% during 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 purchased a new position in Gen Digital during the 1st quarter worth $205,000. Woodline Partners LP boosted its holdings 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 buying an additional 7,562 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Gen Digital by 9.7% in the first 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 period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Gen Digital by 221.5% during 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 in the last quarter. 81.38% of the stock is owned by institutional investors.
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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