Generali Investments CEE investicni spolecnost a.s. Has $3.91 Million Stock Position in Gen Digital Inc. (NASDAQ:GEN)

Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,165 shares of the company's stock after buying an additional 10,165 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Gen Digital were worth $3,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GEN. Catalyst Capital Advisors LLC boosted its holdings in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after acquiring an additional 854 shares during the period. IFM Investors Pty Ltd boosted its holdings in Gen Digital by 6.3% during the first quarter. IFM Investors Pty Ltd now owns 125,042 shares of the company's stock valued at $3,430,000 after acquiring an additional 7,357 shares during the period. Teacher Retirement System of Texas boosted its holdings in Gen Digital by 1,136.4% during the first quarter. Teacher Retirement System of Texas now owns 117,152 shares of the company's stock valued at $3,109,000 after acquiring an additional 107,677 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in Gen Digital by 14.5% during the first quarter. Aaron Wealth Advisors LLC now owns 11,727 shares of the company's stock valued at $311,000 after acquiring an additional 1,489 shares during the period. Finally, Mather Group LLC. boosted its holdings in Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the period. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gen Digital news, Director Nora Denzel sold 31,646 shares of Gen Digital stock in a transaction on Friday, May 16th. The shares were sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the sale, the director owned 34,860 shares of the company's stock, valued at approximately $1,002,573.60. The trade was a 47.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GEN shares. Royal Bank Of Canada increased their target price on shares of Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Evercore ISI started coverage on shares of Gen Digital in a research note on Tuesday. They issued an "outperform" rating and a $35.00 target price for the company. Morgan Stanley reduced their target price 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. Finally, Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $30.00.

Gen Digital Trading Up 2.2%

GEN stock traded up $0.67 during trading on Friday, hitting $30.48. The company had a trading volume of 2,910,040 shares, compared to its average volume of 3,744,933. 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 50-day moving average price of $28.53 and a 200-day moving average price of $27.42. Gen Digital Inc. has a 12 month low of $22.74 and a 12 month high of $31.72. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.14 and a beta of 1.01.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.59 EPS for the quarter, topping 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 previous year, the business earned $0.53 EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 19th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, May 19th. Gen Digital's dividend payout ratio 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.