Bryan Seuk Ko Sells 28,248 Shares of Gen Digital (NASDAQ:GEN) Stock

Key Points

• Gen Digital COO Bryan Seuk Ko sold 28,248 shares for approximately $866,366 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct holdings by 3.66% to 744,262 shares.
• Gen Digital shares recently traded at $29.76, near their 52-week high, while the company reported quarterly EPS of $0.71 and revenue of $1.34 billion, both exceeding analyst expectations.
• The company announced a quarterly dividend of $0.125 per share, or $0.50 annualized, representing a 1.7% yield; analysts maintain a consensus “Hold” rating with an average price target of $31.60.

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) COO Bryan Seuk Ko sold 28,248 shares of Gen Digital stock in a transaction on Friday, September 4th. The stock was sold at an average price of $30.67, for a total transaction of $866,366.16. Following the sale, the chief operating officer directly owned 744,262 shares of the company's stock, valued at $22,826,515.54. This represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gen Digital Stock Down 0.2%

Shares of NASDAQ:GEN traded down $0.05 during midday trading on Wednesday, reaching $29.76. The company had a trading volume of 4,403,843 shares, compared to its average volume of 5,156,493. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $31.65. The stock has a market cap of $17.81 billion, a PE ratio of 17.30, a P/E/G ratio of 0.94 and a beta of 1.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The business's 50 day moving average price is $28.06 and its 200 day moving average price is $24.19.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.31 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Research analysts forecast that Gen Digital Inc. will post 2.64 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 17th. Gen Digital's dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEN. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $27.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Gen Digital from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Wall Street Zen lowered Gen Digital from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Barclays increased their price target on Gen Digital from $27.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company raised their target price on Gen Digital from $22.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $31.60.

Institutional Investors Weigh In On Gen Digital

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Gen Digital in the fourth quarter worth approximately $27,000. Grove Bank & Trust boosted its holdings in shares of Gen Digital by 452.2% during the second quarter. Grove Bank & Trust now owns 1,132 shares of the company's stock worth $28,000 after purchasing an additional 927 shares during the period. Weiss Asset Management LP purchased a new position in Gen Digital during the 1st quarter valued at about $41,000. TD Private Client Wealth LLC raised its position in Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company's stock valued at $42,000 after purchasing an additional 611 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after buying an additional 1,183 shares during the period. Hedge funds and other institutional investors own 81.38% of the company's stock.

Gen Digital Company Profile

Gen Digital NASDAQ: GEN is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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