Valley National Advisers Inc. grew its position in Gen Digital Inc. (NASDAQ:GEN – Free Report) by 154,977.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,988 shares of the company’s stock after purchasing an additional 75,939 shares during the period. Valley National Advisers Inc.’s holdings in Gen Digital were worth $1,673,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in GEN. Arrowstreet Capital Limited Partnership grew its position in Gen Digital by 45.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 13,094,386 shares of the company’s stock worth $246,567,000 after purchasing an additional 4,115,676 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Gen Digital during the 2nd quarter worth approximately $225,169,000. Deutsche Bank AG bought a new position in shares of Gen Digital during the 2nd quarter worth approximately $146,639,000. Bank of New York Mellon Corp purchased a new position in shares of Gen Digital in the 2nd quarter worth approximately $108,421,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Gen Digital by 26.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,272,058 shares of the company’s stock worth $99,212,000 after buying an additional 1,115,390 shares during the last quarter. 81.38% of the stock is owned by institutional investors.
Insider Transactions at Gen Digital
In related news, insider Travis Witteveen sold 30,000 shares of Gen Digital stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the sale, the insider owned 496,545 shares of the company’s stock, valued at approximately $14,608,353.90. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the sale, the director owned 3,332,904 shares in the company, valued at $99,987,120. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 558,508 shares of company stock worth $16,356,093. 9.70% of the stock is owned by company insiders.
Gen Digital Trading Down 0.0%
NASDAQ:GEN opened at $24.88 on Friday. Gen Digital Inc. has a 12 month low of $17.78 and a 12 month high of $31.65. 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 firm’s 50 day moving average is $26.72 and its 200 day moving average is $25.10. The stock has a market capitalization of $14.89 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26.
Gen Digital (NASDAQ:GEN – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.64 earnings per share. Gen Digital’s revenue was up 6.3% compared to the same quarter last year. 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. Sell-side analysts expect that Gen Digital Inc. will post 2.66 earnings per share for the current year.
Gen Digital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were paid a dividend of $0.1250 per share. The ex-dividend date was Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Gen Digital’s dividend payout ratio is presently 29.07%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GEN shares. Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Royal Bank Of Canada dropped their price target on Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Monday, October 12th. Wells Fargo & Company boosted their price objective 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. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.25.
View Our Latest Stock Analysis on GEN
Gen Digital Profile
Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.
The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.
Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.
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