Gen Digital Inc. (GEN) – What Are Brokerages Saying About This Stock?

Gen Digital Inc. (NASDAQ:GEN – Get Free Report) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.25.

Several equities analysts have issued reports on GEN shares. Royal Bank Of Canada dropped their price objective on shares of Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Monday, October 12th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Wells Fargo & Company lifted their price objective on Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Barclays raised 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, August 7th.

Read Our Latest Stock Report on GEN

Insiders Place Their Bets

In other Gen Digital news, insider Travis Witteveen sold 30,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the transaction, the insider directly owned 496,545 shares of the company’s stock, valued at approximately $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Bryan Seuk Ko sold 28,248 shares of Gen Digital stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $30.67, for a total transaction of $866,366.16. Following the sale, the chief operating officer owned 744,262 shares of the company’s stock, valued at approximately $22,826,515.54. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 558,508 shares of company stock worth $16,356,093. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Gen Digital

Several hedge funds have recently bought and sold shares of the company. Valley National Advisers Inc. raised its stake in shares of Gen Digital by 154,977.6% during the 3rd quarter. Valley National Advisers Inc. now owns 75,988 shares of the company’s stock worth $1,673,000 after buying an additional 75,939 shares during the last quarter. Kendall Capital Management raised its position in Gen Digital by 5.2% during the third quarter. Kendall Capital Management now owns 207,970 shares of the company’s stock worth $4,579,000 after acquiring an additional 10,345 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Gen Digital in the third quarter valued at about $59,000. Vest Financial LLC grew its position in shares of Gen Digital by 3.1% in the third quarter. Vest Financial LLC now owns 91,532 shares of the company’s stock valued at $2,016,000 after purchasing an additional 2,783 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Gen Digital by 8.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,377,320 shares of the company’s stock worth $52,349,000 after purchasing an additional 176,207 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Trading Down 0.0%

NASDAQ:GEN opened at $24.88 on Tuesday. Gen Digital has a 52-week low of $17.78 and a 52-week high of $31.65. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $14.89 billion, a PE ratio of 14.47, a P/E/G ratio of 0.78 and a beta of 1.26. The stock’s 50 day moving average price is $26.72 and its 200 day moving average price is $25.10.

Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.64 earnings per share. The business’s 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. On average, research analysts anticipate that Gen Digital will post 2.66 EPS for the current year.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, August 17th. Gen Digital’s payout ratio is presently 29.07%.

About Gen Digital

(Get Free Report)

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.

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Analyst Recommendations for Gen Digital (NASDAQ:GEN)

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