Gen Digital (NASDAQ:GEN) Director Ondrej Vlcek Sells 200,000 Shares of Stock

Gen Digital Inc. (NASDAQ:GENGet Free Report) Director Ondrej Vlcek sold 200,000 shares of Gen Digital stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the transaction, the director directly owned 3,332,904 shares in the company, valued at approximately $99,987,120. This represents a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, August 25th, Ondrej Vlcek sold 152,358 shares of Gen Digital stock. The shares were sold at an average price of $29.00, for a total value of $4,418,382.00.
  • 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 value 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 value 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 value of $2,478,000.00.

Gen Digital Stock Performance

NASDAQ:GEN traded up $0.52 during trading on Friday, reaching $31.02. The company’s stock had a trading volume of 5,951,420 shares, compared to its average volume of 6,605,773. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 18.03 and a beta of 1.21. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a 50 day moving average of $26.92 and a 200-day moving average of $23.76. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $31.29.

Gen Digital (NASDAQ:GENGet Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts expect that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. 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 payout ratio is currently 29.07%.

Hedge Funds Weigh In On Gen Digital

Several large investors have recently modified their holdings of the business. Corient Private Wealth LP lifted its stake in shares of Gen Digital by 8.3% during the 2nd quarter. Corient Private Wealth LP now owns 162,997 shares of the company’s stock valued at $4,057,000 after buying an additional 12,482 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Gen Digital by 2,001.9% in the 2nd quarter. California State Teachers Retirement System now owns 18,221,421 shares of the company’s stock worth $453,531,000 after buying an additional 17,354,503 shares during the period. HB Wealth Management LLC grew its stake in Gen Digital by 11.1% in the 2nd quarter. HB Wealth Management LLC now owns 19,724 shares of the company’s stock valued at $491,000 after buying an additional 1,970 shares in the last quarter. Saudi Central Bank grew its stake in Gen Digital by 91.7% in the 2nd quarter. Saudi Central Bank now owns 37,096 shares of the company’s stock valued at $923,000 after buying an additional 17,747 shares in the last quarter. Finally, Syon Capital LLC grew its stake in Gen Digital by 128.0% in the 2nd quarter. Syon Capital LLC now owns 28,499 shares of the company’s stock valued at $709,000 after buying an additional 16,002 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Barclays lifted their price target on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Wells Fargo & Company raised 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. Finally, Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and an average price target of $31.67.

Check Out Our Latest Report on Gen Digital

Gen Digital Company Profile

(Get Free Report)

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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