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 Stock Performance
Gen Digital stock traded up $0.34 during midday trading on Thursday, hitting $28.94. 371,207 shares of the company were exchanged, compared to its average volume of 3,879,361. The firm has a market capitalization of $17.84 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. Gen Digital Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $31.72. The business has a fifty day simple moving average of $26.15 and a two-hundred day simple moving average of $27.61. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.35 and a current ratio of 0.35.
Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $999.48 million. Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. Gen Digital's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, sell-side analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current year.
Gen Digital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, May 19th. Gen Digital's dividend payout ratio (DPR) is 48.08%.
Analysts Set New Price Targets
Several research analysts recently commented on GEN shares. Royal Bank of Canada boosted their target price on Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their target price on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Gen Digital has a consensus rating of "Buy" and a consensus target price of $27.50.
Read Our Latest Stock Analysis on GEN
Institutional Trading of Gen Digital
Several hedge funds have recently modified their holdings of GEN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Gen Digital in the 4th quarter worth approximately $14,367,000. QSM Asset Management Ltd acquired a new position in Gen Digital in the fourth quarter valued at $5,373,000. Brighton Jones LLC raised its position in Gen Digital by 5.4% in the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock valued at $690,000 after purchasing an additional 1,299 shares during the period. Wellington Management Group LLP raised its position in Gen Digital by 98.8% in the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares during the period. Finally, Kera Capital Partners Inc. increased its position in shares of Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock worth $313,000 after acquiring an additional 3,466 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.
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
(
Get Free Report)
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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