United Capital Financial Advisors LLC Invests $523,000 in Gen Digital Inc. $GEN

United Capital Financial Advisors LLC acquired a new stake in Gen Digital Inc. (NASDAQ:GEN) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 21,004 shares of the company’s stock, valued at approximately $523,000.

A number of other large investors have also bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in shares of Gen Digital during the second quarter worth $32,000. International Assets Investment Management LLC bought a new position in shares of Gen Digital in the 4th quarter valued at about $27,000. Grove Bank & Trust increased its position in shares of Gen Digital by 452.2% in the second quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after acquiring an additional 927 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Gen Digital by 65.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Gen Digital during the second quarter valued at approximately $47,000. 81.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GEN has been the subject of a number of analyst reports. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective 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. Barclays boosted their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Argus raised shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.67.

Gen Digital Stock Performance

NASDAQ:GEN opened at $31.00 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.00. The stock has a market cap of $18.56 billion, a P/E ratio of 18.02 and a beta of 1.21. The stock has a 50 day simple moving average of $27.22 and a 200 day simple moving average of $23.84. Gen Digital Inc. has a 1-year low of $17.78 and a 1-year high of $31.29.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. Gen Digital’s quarterly revenue was up 6.3% on a year-over-year basis. 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 anticipate that Gen Digital Inc. will post 2.64 earnings per share for the current year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, August 17th. Gen Digital’s dividend payout ratio is presently 29.07%.

Insiders Place Their Bets

In related news, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the sale, the director directly owned 3,332,904 shares in the company, valued at approximately $99,987,120. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John C. Chrystal purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the purchase, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 630,260 shares of company stock worth $17,967,726 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Gen Digital 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.