Universal Beteiligungs und Servicegesellschaft mbH Takes $14.37 Million Position in Gen Digital Inc. (NASDAQ:GEN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Gen Digital Inc. (NASDAQ:GEN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 524,708 shares of the company's stock, valued at approximately $14,367,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Gen Digital at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

GEN has been the subject of a number of research reports. Royal Bank of Canada upped their price objective 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. Morgan Stanley cut 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 Trading Up 0.7%

GEN traded up $0.20 during trading on Friday, hitting $28.20. 13,018,095 shares of the stock traded hands, compared to its average volume of 3,843,066. The firm has a market capitalization of $17.49 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a 50-day moving average of $26.33 and a 200 day moving average of $27.56. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $31.72.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued 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 16.32% and a return on equity of 58.83%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $999.48 million. During the same period in the prior year, the business earned $0.53 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 1.77%. Gen Digital's dividend payout ratio (DPR) is presently 48.08%.

Insiders Place Their Bets

In related news, Director Nora Denzel sold 31,646 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $28.76, for a total value 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. This trade represents a 47.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.20% of the company's stock.

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.