Achmea Investment Management B.V. Has $38.61 Million Stock Holdings in Gen Digital Inc. (NASDAQ:GEN)

Achmea Investment Management B.V. lifted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 40.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,454,610 shares of the company's stock after buying an additional 417,206 shares during the period. Achmea Investment Management B.V. owned about 0.24% of Gen Digital worth $38,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Curat Global LLC bought a new position in Gen Digital in the first quarter worth approximately $154,000. Sagespring Wealth Partners LLC bought a new position in shares of Gen Digital during the 1st quarter valued at $212,000. Fort Washington Investment Advisors Inc. OH bought a new position in Gen Digital during the 1st quarter worth approximately $225,000. Merit Financial Group LLC bought a new stake in Gen Digital during the 1st quarter valued at $273,000. Finally, Exchange Traded Concepts LLC increased its holdings in Gen Digital by 52.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock valued at $296,000 after purchasing an additional 3,830 shares during the period. 81.38% of the stock is owned by institutional investors.

Insider Transactions at Gen Digital

In other news, Director Nora Denzel sold 31,646 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the transaction, the director now directly owns 34,860 shares in the company, valued at approximately $1,002,573.60. The trade was a 47.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GEN shares. Royal Bank Of Canada lifted their target price on shares of Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their price objective on shares of Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $29.45 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.51. The firm has a market cap of $18.27 billion, a PE ratio of 28.32, a P/E/G ratio of 1.09 and a beta of 1.01. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $31.72. The business has a 50-day moving average price of $27.88 and a 200 day moving average price of $27.42.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. Gen Digital had a net margin of 16.34% and a return on equity of 59.38%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $999.48 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Gen Digital's quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 19th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 1.70%. Gen Digital's dividend payout ratio (DPR) is presently 48.08%.

Gen Digital Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.

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