Gen Digital (NASDAQ:GEN – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 11th. Analysts expect Gen Digital to post earnings of $0.38 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Gen Digital Stock Down 1.1 %
GEN stock opened at $16.75 on Thursday. The company has a market cap of $10.71 billion, a P/E ratio of 18.61 and a beta of 0.82. Gen Digital has a fifty-two week low of $15.52 and a fifty-two week high of $26.83. The stock’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $20.58. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.48 and a current ratio of 0.48.
Institutional Trading of Gen Digital
Institutional investors and hedge funds have recently modified their holdings of the stock. Wealthfront Advisers LLC boosted its holdings in shares of Gen Digital by 0.3% in the first quarter. Wealthfront Advisers LLC now owns 140,080 shares of the company’s stock worth $3,715,000 after acquiring an additional 428 shares during the period. Eqis Capital Management Inc. boosted its holdings in shares of Gen Digital by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 16,826 shares of the company’s stock worth $446,000 after acquiring an additional 459 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Gen Digital by 2.0% in the first quarter. HighTower Advisors LLC now owns 26,755 shares of the company’s stock worth $708,000 after acquiring an additional 521 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Gen Digital by 2.9% in the first quarter. Private Advisor Group LLC now owns 21,336 shares of the company’s stock worth $566,000 after acquiring an additional 596 shares during the period. Finally, Utah Retirement Systems raised its position in shares of Gen Digital by 0.6% in the second quarter. Utah Retirement Systems now owns 98,644 shares of the company’s stock worth $2,166,000 after buying an additional 600 shares in the last quarter. 82.08% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Gen Digital Company Profile
Gen Digital, Inc engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.
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