Natalie Marie Derse Sells 794 Shares of Gen Digital (NASDAQ:GEN) Stock

Gen Digital Inc. (NASDAQ:GEN) CFO Natalie Marie Derse sold 794 shares of Gen Digital stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $23.62, for a total transaction of $18,754.28. Following the transaction, the chief financial officer directly owned 456,678 shares in the company, valued at $10,786,734.36. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gen Digital Stock Up 0.0%

Shares of NASDAQ GEN opened at $22.35 on Friday. The company has a 50 day simple moving average of $25.56 and a 200-day simple moving average of $27.23. The company has a market capitalization of $13.54 billion, a P/E ratio of 23.04, a P/E/G ratio of 0.74 and a beta of 1.09. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. Gen Digital Inc. has a 1 year low of $22.08 and a 1 year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a return on equity of 56.76% and a net margin of 12.76%.The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. On average, equities research analysts predict that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 16th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s dividend payout ratio is currently 51.55%.

Institutional Trading of Gen Digital

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Gen Digital in the fourth quarter valued at approximately $27,000. True Wealth Design LLC boosted its position in Gen Digital by 92.0% in the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after buying an additional 529 shares during the period. Spire Wealth Management boosted its position in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after buying an additional 994 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Gen Digital in the second quarter worth $32,000. Finally, Clearstead Advisors LLC increased its position in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on GEN shares. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Thursday, January 22nd. Royal Bank Of Canada lowered their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Finally, Barclays dropped their target price on shares of Gen Digital from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.29.

About Gen Digital

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.