Shares of Gen Digital Inc. (NASDAQ:GEN – Get Free Report) have been assigned an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.3333.
Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Argus raised shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 price target on shares of Gen Digital in a research report on Thursday. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th.
View Our Latest Stock Analysis on GEN
Insider Buying and Selling
Institutional Investors Weigh In On Gen Digital
Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position in shares of Gen Digital by 38,275.3% during the 4th quarter. Sound Income Strategies LLC now owns 194,563 shares of the company’s stock worth $5,078,000 after purchasing an additional 194,056 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Gen Digital by 9.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock valued at $30,128,000 after buying an additional 102,345 shares in the last quarter. Legal & General Group Plc boosted its holdings in Gen Digital by 3.8% in the 4th quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock worth $247,027,000 after buying an additional 334,156 shares during the last quarter. LBP AM SA boosted its holdings in Gen Digital by 63.7% in the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock worth $20,074,000 after buying an additional 287,369 shares during the last quarter. Finally, National Pension Service increased its stake in Gen Digital by 13.6% during the 4th quarter. National Pension Service now owns 934,892 shares of the company’s stock worth $25,420,000 after buying an additional 112,136 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.
Gen Digital Stock Up 2.1%
Shares of GEN opened at $27.01 on Friday. Gen Digital has a 52 week low of $17.78 and a 52 week high of $32.22. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 17.09 and a beta of 1.21. The stock’s 50-day moving average price is $24.97 and its 200-day moving average price is $23.25.
Gen Digital (NASDAQ:GEN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned $0.59 earnings per share. Gen Digital’s quarterly revenue was up 27.0% on a year-over-year basis. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, sell-side analysts predict that Gen Digital will post 2.59 EPS for the current year.
Gen Digital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s dividend payout ratio is presently 31.65%.
About Gen Digital
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.
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