Wealth Enhancement Advisory Services LLC Has $1.35 Million Stock Holdings in Gen Digital Inc. (NASDAQ:GEN)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 59.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,161 shares of the company's stock after selling 72,096 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Gen Digital were worth $1,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. QSM Asset Management Ltd bought a new stake in Gen Digital during the fourth quarter worth about $5,373,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Gen Digital during the fourth quarter worth about $14,367,000. Finally, Brighton Jones LLC raised its holdings in Gen Digital by 5.4% during the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock worth $690,000 after acquiring an additional 1,299 shares in the last quarter. 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 the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $28.76, for a total value of $910,138.96. Following the sale, the director now owns 34,860 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 12.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GEN has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their price objective on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th.

Gen Digital Stock Performance

NASDAQ:GEN traded down $0.09 on Wednesday, hitting $29.44. The company's stock had a trading volume of 5,866,774 shares, compared to its average volume of 3,812,751. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 3.29. The stock has a fifty day moving average of $26.77 and a two-hundred day moving average of $27.53. The firm has a market capitalization of $18.26 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. Gen Digital Inc. has a one year low of $22.74 and a one year high of $31.72.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $999.48 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, May 19th. Gen Digital's dividend payout ratio is currently 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.