Gen Digital (NASDAQ:GEN) Shares Gap Down to $22.34

Gen Digital Inc. (NASDAQ:GEN)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $22.34, but opened at $21.89. Gen Digital shares last traded at $21.64, with a volume of 515,223 shares traded.

Gen Digital Price Performance

The company has a market cap of $13.33 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85. The company has a fifty day moving average price of $21.69 and a two-hundred day moving average price of $21.01. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.76.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $953.00 million for the quarter, compared to analyst estimates of $955.80 million. Gen Digital had a return on equity of 47.34% and a net margin of 36.84%. As a group, equities research analysts anticipate that Gen Digital Inc. will post 1.79 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 19th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 15th. Gen Digital’s dividend payout ratio is 23.15%.

Institutional Trading of Gen Digital

Several institutional investors have recently bought and sold shares of GEN. Vanguard Group Inc. boosted its stake in Gen Digital by 2.1% in the first quarter. Vanguard Group Inc. now owns 65,314,797 shares of the company’s stock worth $1,732,147,000 after purchasing an additional 1,344,188 shares in the last quarter. First Trust Advisors LP boosted its stake in Gen Digital by 1,047.3% in the first quarter. First Trust Advisors LP now owns 8,181,798 shares of the company’s stock worth $216,981,000 after purchasing an additional 7,468,669 shares in the last quarter. Northern Trust Corp boosted its stake in Gen Digital by 6.9% in the first quarter. Northern Trust Corp now owns 7,279,703 shares of the company’s stock worth $193,058,000 after purchasing an additional 469,777 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Gen Digital by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,960,832 shares of the company’s stock worth $78,522,000 after purchasing an additional 80,779 shares in the last quarter. Finally, National Pension Service boosted its stake in Gen Digital by 2.1% in the second quarter. National Pension Service now owns 1,099,587 shares of the company’s stock worth $24,147,000 after purchasing an additional 22,430 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Company Profile

Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.