Gen Digital Inc. (NASDAQ:GEN) Short Interest Update

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 16,890,000 shares, a drop of 15.6% from the March 15th total of 20,000,000 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is currently 4.3 days.

Gen Digital Trading Up 0.8 %

NASDAQ:GEN traded up $0.20 during trading hours on Friday, hitting $25.26. The company had a trading volume of 2,608,538 shares, compared to its average volume of 3,960,311. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.35 and a quick ratio of 0.35. Gen Digital has a 52 week low of $19.58 and a 52 week high of $31.72. The company has a market capitalization of $15.57 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The stock has a 50-day moving average price of $26.29 and a 200 day moving average price of $27.66.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Gen Digital had a net margin of 16.32% and a return on equity of 58.83%. On average, equities research analysts predict that Gen Digital will post 2.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Gen Digital during the fourth quarter valued at $14,367,000. QSM Asset Management Ltd bought a new stake in Gen Digital during the fourth quarter worth about $5,373,000. Brighton Jones LLC grew its holdings in Gen Digital by 5.4% in the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company's stock worth $690,000 after purchasing an additional 1,299 shares during the period. Wellington Management Group LLP increased its stake in shares of Gen Digital by 98.8% during the fourth quarter. Wellington Management Group LLP now owns 114,699 shares of the company's stock valued at $3,140,000 after purchasing an additional 56,993 shares in the last quarter. Finally, Kera Capital Partners Inc. lifted its holdings in shares of Gen Digital by 41.7% during the first quarter. Kera Capital Partners Inc. now owns 11,777 shares of the company's stock valued at $313,000 after purchasing an additional 3,466 shares during the last quarter. Institutional investors own 81.38% of the company's stock.

About Gen Digital

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.