Gen Digital (NASDAQ:GEN) COO Bryan Seuk Ko Sells 28,248 Shares of Stock

Gen Digital Inc. (NASDAQ:GEN) COO Bryan Seuk Ko sold 28,248 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $30.67, for a total value of $866,366.16. Following the completion of the transaction, the chief operating officer owned 744,262 shares of the company’s stock, valued at approximately $22,826,515.54. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gen Digital Stock Down 0.2%

Shares of NASDAQ GEN traded down $0.05 during midday trading on Wednesday, hitting $29.76. The stock had a trading volume of 4,403,843 shares, compared to its average volume of 5,156,493. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $31.65. The company has a market cap of $17.81 billion, a P/E ratio of 17.30, a PEG ratio of 0.94 and a beta of 1.22. The business’s 50 day moving average is $28.06 and its 200-day moving average is $24.19. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.64 EPS. Gen Digital’s revenue was up 6.3% on a year-over-year basis. 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. As a group, analysts predict that Gen Digital Inc. will post 2.64 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Gen Digital’s dividend payout ratio (DPR) is presently 29.07%.

Hedge Funds Weigh In On Gen Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in shares of Gen Digital by 20.9% during the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after purchasing an additional 390 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Gen Digital by 14.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,376 shares of the company’s stock valued at $64,000 after purchasing an additional 427 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Gen Digital by 1.6% in the third quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock worth $764,000 after acquiring an additional 428 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Gen Digital by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,735 shares of the company’s stock valued at $210,000 after buying an additional 430 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Gen Digital by 9.4% in the fourth quarter. Huntington National Bank now owns 5,216 shares of the company’s stock valued at $142,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GEN. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Barclays boosted their price objective on Gen Digital from $27.00 to $32.00 and gave the stock 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 equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and an average price target of $31.60.

About Gen Digital

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.