37,000 Shares of Gen Digital Inc. $GEN Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Gen Digital Inc. (NASDAQ:GEN) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 37,000 shares of the company’s stock, valued at approximately $815,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Grove Bank & Trust raised its holdings in 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 buying an additional 927 shares during the period. Weiss Asset Management LP purchased a new stake in Gen Digital during the first quarter worth approximately $41,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Gen Digital during the third quarter worth approximately $44,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Gen Digital during the third quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Gen Digital by 86.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,921 shares of the company’s stock worth $48,000 after acquiring an additional 893 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Up 2.4%

Gen Digital stock traded up $0.71 during midday trading on Friday, hitting $30.40. 4,675,916 shares of the company were exchanged, compared to its average volume of 6,983,006. The company’s fifty day moving average price is $26.50 and its 200-day moving average price is $24.61. The company has a market cap of $18.04 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.37 and a quick ratio of 0.37. Gen Digital Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $31.65.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Gen Digital had a net margin of 23.07% and a return on equity of 56.80%. Gen Digital’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. On average, research analysts predict that Gen Digital Inc. will post 2.65 EPS for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Monday, November 16th will be paid a $0.1250 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Gen Digital’s dividend payout ratio is 25.13%.

Insider Activity at Gen Digital

In other Gen Digital news, insider Travis Witteveen sold 30,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $29.75, for a total value of $892,500.00. Following the transaction, the insider owned 466,545 shares in the company, valued at $13,879,713.75. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ondrej Vlcek sold 200,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the director directly owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 558,508 shares of company stock valued at $16,365,993. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GEN. Weiss Ratings raised shares of Gen Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 4th. Argus lifted their target price on shares of Gen Digital from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Gen Digital from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Royal Bank Of Canada increased their price target on Gen Digital from $24.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, October 29th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.20.

Gen Digital Profile

Gen Digital Inc. is a global cybersecurity company that provides digital safety and identity protection services to consumers and small businesses. Its products include antivirus and malware protection, virtual private networks, password managers, scam protection, and identity monitoring and recovery services. The company offers services through brands including Norton, Avast, LifeLock, Avira, AVG, and CCleaner. Its products are available in markets around the world through direct subscriptions and other distribution channels.