Gen Digital (NASDAQ:GEN – Get Free Report) had its price objective boosted by stock analysts at Wells Fargo & Company from $22.00 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 2.54% from the company’s current price.
Other research analysts have also issued reports about the company. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Barclays increased their price objective on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.83.
Check Out Our Latest Stock Analysis on GEN
Gen Digital Stock Performance
Gen Digital (NASDAQ:GEN – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Equities research analysts predict that Gen Digital will post 2.61 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director directly owned 3,832,724 shares in the company, valued at $94,974,900.72. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Chrystal bought 3,000 shares of Gen Digital stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $27.06 per share, with a total value of $81,180.00. Following the acquisition, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This trade represents a 10.56% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 9.70% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GEN. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Gen Digital by 9.7% during 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 purchasing an additional 102,345 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Gen Digital by 3.8% in the fourth quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock worth $247,027,000 after purchasing an additional 334,156 shares in the last quarter. LBP AM SA boosted its stake in shares of Gen Digital by 63.7% during the 4th quarter. LBP AM SA now owns 738,272 shares of the company’s stock valued at $20,074,000 after buying an additional 287,369 shares during the period. National Pension Service increased its position in Gen Digital by 13.6% in the 4th quarter. National Pension Service now owns 934,892 shares of the company’s stock worth $25,420,000 after purchasing an additional 112,136 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Gen Digital by 17.9% during the first quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company’s stock valued at $7,245,000 after acquiring an additional 58,319 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.
Gen Digital News Roundup
Here are the key news stories impacting Gen Digital this week:
- Positive Sentiment: Quarterly results exceeded expectations. Gen Digital reported fiscal Q1 2027 adjusted EPS of $0.71, versus the $0.69 analyst consensus and $0.64 a year earlier. Revenue rose 6.3% year over year to $1.34 billion, topping the $1.31 billion estimate. Gen Digital Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: Management raised fiscal 2027 guidance. Full-year EPS is now expected at $2.87-$2.97, above the $2.83 consensus, while revenue is projected at $5.4-$5.5 billion. Second-quarter EPS guidance of $0.71-$0.73 also exceeds the $0.70 analyst estimate. Gen Digital Raises Annual Forecast on Strong Cybersecurity Demand
- Positive Sentiment: Strong cybersecurity demand is supporting the outlook. Gen cited growing demand for its family-focused cybersecurity products, particularly as AI-driven online threats become more prevalent. The company described the quarter as an acceleration in its fiscal 2027 performance. Gen Further Accelerates in Q1 FY27 and Raises Full Year Guidance
- Positive Sentiment: Gen maintained shareholder returns. The company declared a quarterly dividend of $0.125 per share, payable September 9 to shareholders of record August 17. The dividend represents an annualized payout of approximately $0.50 per share and a stated yield of about 1.8%.
- Neutral Sentiment: The earnings call and presentation provide additional detail on operating performance and the raised outlook, but investors will continue to monitor whether growth and profitability can meet the new targets. Gen Digital Q1 2027 Earnings Call Transcript
Gen Digital Company Profile
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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