Simon Quick Advisors LLC Acquires Shares of 14,619 Gen Digital Inc. (NASDAQ:GEN)

Simon Quick Advisors LLC bought a new stake in Gen Digital Inc. (NASDAQ:GEN - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 14,619 shares of the company's stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Curat Global LLC bought a new stake in Gen Digital in the 1st quarter valued at $154,000. Merit Financial Group LLC bought a new stake in Gen Digital in the 1st quarter valued at $273,000. Kera Capital Partners Inc. boosted its holdings in Gen Digital by 41.7% in the 1st quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after purchasing an additional 3,466 shares during the period. GAMMA Investing LLC boosted its holdings in Gen Digital by 15.1% in the 1st quarter. GAMMA Investing LLC now owns 12,139 shares of the company's stock valued at $322,000 after purchasing an additional 1,593 shares during the period. Finally, Vest Financial LLC lifted its holdings in shares of Gen Digital by 61.9% during the 1st quarter. Vest Financial LLC now owns 13,689 shares of the company's stock worth $363,000 after acquiring an additional 5,232 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Price Performance

GEN stock traded down $0.49 during trading on Friday, hitting $29.78. 4,819,748 shares of the stock traded hands, compared to its average volume of 3,822,398. Gen Digital Inc. has a one year low of $22.74 and a one year high of $31.72. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 1.19 and a beta of 1.01. The company has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $27.49. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 3.29.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Gen Digital had a net margin of 16.32% and a return on equity of 58.83%. The firm 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 posted $0.53 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently declared 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. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, May 19th. Gen Digital's dividend payout ratio is currently 48.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced 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 report on Wednesday, April 16th. Royal Bank of Canada raised their price objective on shares of Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th.

Insider Activity at Gen Digital

In related news, Director Nora Denzel sold 31,646 shares of Gen Digital stock in a transaction dated 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 of the company's stock, valued at $1,002,573.60. This trade represents a 47.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.20% of the stock is currently owned by insiders.

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.