Farther Finance Advisors LLC trimmed its holdings in shares of Gen Digital Inc. (NASDAQ:GEN – Free Report) by 16.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,935 shares of the company’s stock after selling 964 shares during the period. Farther Finance Advisors LLC’s holdings in Gen Digital were worth $132,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of GEN. Curat Global LLC bought a new position in shares of Gen Digital during the 1st quarter worth approximately $154,000. Vest Financial LLC lifted its position in shares of Gen Digital by 61.9% during the 1st quarter. Vest Financial LLC now owns 13,689 shares of the company’s stock valued at $363,000 after buying an additional 5,232 shares during the last quarter. Merit Financial Group LLC bought a new position in Gen Digital during the first quarter worth about $273,000. Czech National Bank boosted its holdings in Gen Digital by 5.9% in the 1st quarter. Czech National Bank now owns 124,568 shares of the company’s stock worth $3,306,000 after buying an additional 6,995 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Gen Digital by 6.6% in the first quarter. Rhumbline Advisers now owns 1,116,301 shares of the company’s stock worth $29,627,000 after acquiring an additional 69,558 shares during the period. 81.38% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Gen Digital from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada increased their price target on shares of Gen Digital from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th.
Check Out Our Latest Stock Report on Gen Digital
Insider Activity
In other news, Director Nora Denzel sold 31,646 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $28.76, for a total value of $910,138.96. Following the transaction, the director now owns 34,860 shares of the company’s stock, valued at approximately $1,002,573.60. The trade was a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.20% of the company’s stock.
Gen Digital Price Performance
GEN opened at $29.03 on Friday. Gen Digital Inc. has a 12-month low of $22.74 and a 12-month high of $31.72. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock has a fifty day simple moving average of $27.51 and a two-hundred day simple moving average of $27.47. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.51.
Gen Digital (NASDAQ:GEN – Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Gen Digital had a net margin of 16.34% and a return on equity of 59.38%. The firm 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 firm posted $0.53 earnings per share. The business’s revenue 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 fiscal year.
Gen Digital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 19th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 1.72%. Gen Digital’s dividend payout ratio (DPR) is 48.08%.
Gen Digital Profile
(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.
See Also
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