Rep. Jefferson Shreve Sells Off Shares of Gen Digital Inc. (NASDAQ:GEN)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Gen Digital Inc. NASDAQ: GEN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Gen Digital stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Gen Digital Trading Up 1.8 %

Shares of NASDAQ GEN traded up $0.51 during trading on Friday, hitting $28.91. 4,991,088 shares of the company traded hands, compared to its average volume of 3,957,201. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $17.82 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.19 and a beta of 1.00. The company has a 50-day moving average price of $26.07 and a 200-day moving average price of $27.57. Gen Digital Inc. has a 1 year low of $22.09 and a 1 year high of $31.72.

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

Gen Digital Announces Dividend

The business also recently declared 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 of this dividend is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.73%. Gen Digital's dividend payout ratio (DPR) is presently 49.02%.

Institutional Investors Weigh In On Gen Digital

Large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gen Digital during the fourth quarter valued at about $14,367,000. QSM Asset Management Ltd purchased a new stake in Gen Digital during the 4th quarter worth approximately $5,373,000. Brighton Jones LLC boosted its stake in shares of Gen Digital by 5.4% during the 4th quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after buying an additional 1,299 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock worth $3,140,000 after buying an additional 56,993 shares during the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in Gen Digital by 41.7% in the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after acquiring an additional 3,466 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GEN. Morgan Stanley cut their target price on shares of 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. Royal Bank of Canada boosted their price objective on Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $27.50.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Gen Digital Company 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.

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