SG Americas Securities LLC Has $1.04 Million Stock Position in Gen Digital Inc. (NASDAQ:GEN)

SG Americas Securities LLC boosted its holdings in Gen Digital Inc. (NASDAQ:GEN - Free Report) by 149.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,119 shares of the company's stock after purchasing an additional 23,433 shares during the quarter. SG Americas Securities LLC's holdings in Gen Digital were worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GEN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gen Digital during the 4th quarter worth approximately $14,367,000. GAMMA Investing LLC boosted its stake in Gen Digital by 2,954.9% during the first quarter. GAMMA Investing LLC now owns 322,169 shares of the company's stock worth $8,550,000 after acquiring an additional 311,623 shares in the last quarter. QSM Asset Management Ltd acquired a new stake in Gen Digital in the fourth quarter worth $5,373,000. Rhumbline Advisers grew its holdings in Gen Digital by 6.6% in the first quarter. Rhumbline Advisers now owns 1,116,301 shares of the company's stock worth $29,627,000 after purchasing an additional 69,558 shares during the period. Finally, Wellington Management Group LLP increased its stake in Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on GEN. Royal Bank Of Canada raised their target price on Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their price objective on 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.

Insiders Place Their Bets

In other news, Director Nora Denzel sold 31,646 shares of the business's 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 transaction, the director now directly owns 34,860 shares in the company, valued at $1,002,573.60. The trade was a 47.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.20% of the stock is owned by corporate insiders.

Gen Digital Stock Down 0.8%

Gen Digital stock opened at $29.77 on Wednesday. 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 $27.24 and a 200-day moving average price of $27.48. Gen Digital Inc. has a twelve month low of $22.74 and a twelve month high of $31.72. The company has a market capitalization of $18.46 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.12 and a beta of 1.01.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Gen Digital had a net margin of 16.34% and a return on equity of 59.38%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $999.48 million. During the same period last year, the firm earned $0.53 EPS. Gen Digital's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 19th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a yield of 1.68%. Gen Digital's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.