Gen Digital (NASDAQ:GEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gen Digital (NASDAQ:GENFree Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other research analysts also recently commented on GEN. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Barclays upped their price target on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Gen Digital has an average rating of “Hold” and an average price target of $31.67.

Check Out Our Latest Stock Analysis on Gen Digital

Gen Digital Trading Up 0.4%

Shares of GEN stock opened at $29.29 on Friday. Gen Digital has a 12 month low of $17.78 and a 12 month high of $32.22. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The business’s 50 day moving average is $25.99 and its two-hundred day moving average is $23.34. The company has a market cap of $17.53 billion, a PE ratio of 17.03 and a beta of 1.21.

Gen Digital (NASDAQ:GENGet Free Report) last released its quarterly 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 net margin of 20.73% and a return on equity of 55.93%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. 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 analysts predict that Gen Digital will post 2.61 EPS for the current year.

Gen Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 17th. Gen Digital’s dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In other news, Director Ondrej Vlcek sold 100,000 shares of Gen Digital stock in a transaction on 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 of the company’s stock, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John C. Chrystal bought 3,000 shares of Gen Digital stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the completion of the acquisition, the director owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This represents a 10.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Gen Digital by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock valued at $1,993,302,000 after buying an additional 1,096,313 shares during the last quarter. State Street Corp raised its holdings in Gen Digital by 3.4% in the 3rd quarter. State Street Corp now owns 30,558,806 shares of the company’s stock valued at $867,565,000 after acquiring an additional 1,015,755 shares during the period. Ameriprise Financial Inc. lifted its holdings in Gen Digital by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after purchasing an additional 1,406,869 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Gen Digital by 22.3% during the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock worth $542,211,000 after buying an additional 3,640,451 shares in the last quarter. Finally, Boston Partners raised its stake in Gen Digital by 14.3% in the 4th quarter. Boston Partners now owns 15,644,289 shares of the company’s stock worth $425,336,000 after purchasing an additional 1,954,712 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Company Profile

(Get Free Report)

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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