Gen Digital Inc. (NASDAQ:GEN – Get Free Report) Director Ondrej Vlcek sold 47,462 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $29.00, for a total value of $1,376,398.00. Following the completion of the sale, the director owned 3,685,262 shares of the company’s stock, valued at approximately $106,872,598. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Ondrej Vlcek also recently made the following trade(s):
- On Wednesday, August 19th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The shares were sold at an average price of $28.00, for a total value of $2,800,000.00.
- On Wednesday, June 10th, Ondrej Vlcek sold 100,000 shares of Gen Digital stock. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00.
Gen Digital Trading Up 1.1%
Gen Digital stock opened at $29.64 on Thursday. The firm has a 50 day moving average of $26.79 and a 200 day moving average of $23.71. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 17.23 and a beta of 1.21. Gen Digital Inc. has a 12-month low of $17.78 and a 12-month high of $30.93. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00.
Gen Digital Announces Dividend
The company 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 is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Gen Digital’s payout ratio is 29.07%.
Institutional Trading of Gen Digital
Hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Gen Digital during the 2nd quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in shares of Gen Digital in the fourth quarter worth about $27,000. Grove Bank & Trust lifted its position in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock worth $28,000 after buying an additional 927 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Gen Digital during the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price target on Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their target price on Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Barclays lifted their target price on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen cut Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.67.
Read Our Latest Stock Analysis on Gen Digital
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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