Gen Digital (NASDAQ:GEN – Free Report) had its price objective hoisted by Royal Bank Of Canada from $24.00 to $27.00 in a report issued on Thursday,Benzinga reports. They currently have a sector perform rating on the stock.
A number of other equities research analysts also recently weighed in on GEN. Barclays raised their price target on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Morgan Stanley boosted their price target on Gen Digital from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Gen Digital has a consensus rating of “Hold” and an average target price of $31.60.
Gen Digital Trading Up 3.3%
NASDAQ GEN opened at $29.13 on Thursday. Gen Digital has a 1-year low of $17.78 and a 1-year high of $31.65. The company has a current ratio of 0.37, a quick ratio of 0.47 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $17.44 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. The firm’s fifty day simple moving average is $26.50 and its 200-day simple moving average is $24.39.
Gen Digital (NASDAQ:GEN – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. Gen Digital had a return on equity of 56.80% and a net margin of 23.07%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $0.62 earnings per share. Gen Digital’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gen Digital will post 2.66 earnings per share for the current fiscal year.
Gen Digital Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 16th. Gen Digital’s dividend payout ratio is presently 25.13%.
Insiders Place Their Bets
In other Gen Digital news, insider Travis Witteveen sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $29.42, for a total transaction of $882,600.00. Following the transaction, the insider directly owned 496,545 shares in the company, valued at $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ondrej Vlcek sold 200,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the transaction, the director owned 3,332,904 shares in the company, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 558,508 shares of company stock valued at $16,356,093 over the last three months. 9.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GEN. Cowa LLC increased its stake in shares of Gen Digital by 15.8% in the third quarter. Cowa LLC now owns 20,073 shares of the company’s stock worth $442,000 after purchasing an additional 2,737 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Gen Digital during the 3rd quarter worth about $597,000. Rakuten Investment Management Inc. boosted its stake in Gen Digital by 7.9% during the 3rd quarter. Rakuten Investment Management Inc. now owns 95,942 shares of the company’s stock valued at $2,000,000 after purchasing an additional 7,014 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Gen Digital during the 3rd quarter valued at approximately $44,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Gen Digital by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,259,716 shares of the company’s stock valued at $27,739,000 after purchasing an additional 32,272 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.
Trending Headlines about Gen Digital
Here are the key news stories impacting Gen Digital this week:
- Positive Sentiment: Fiscal Q2 beat and raised outlook: Gen Digital reported adjusted earnings of $0.74 per share, above the $0.72 consensus estimate, while revenue rose 12.2% year over year to $1.37 billion. Management also raised its fiscal 2027 earnings floor. Gen Digital Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Healthy growth across key businesses: Financial wellness demand supported double-digit growth, Cyber Safety margins reached a record, and partner-channel revenue increased 40% year over year to $295 million. Gen Digital: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Q3 guidance is ahead of expectations: Gen Digital forecast earnings of $0.73-$0.75 per share, compared with the $0.72 consensus estimate. Revenue guidance of approximately $1.4 billion was in line with expectations. Gen Digital Q2 Adjusted Earnings, Revenue Rise; Sets Q3 Guidance
- Positive Sentiment: M&A uncertainty eased: Management said it is not currently pursuing a “transformative acquisition,” reducing concerns that Gen Digital might take on significant additional financial or integration risk. Gen Digital Surges
- Positive Sentiment: Shareholder return supported: The company declared a quarterly dividend of $0.125 per share, or $0.50 annualized, with a stated yield of about 1.7%. Gen Digital Approves Quarterly Cash Dividend
- Neutral Sentiment: Analyst targets are mixed: Morgan Stanley raised its price target to $34 from $32, while Royal Bank of Canada lifted its target to $27 but maintained a “sector perform” rating—below the recent trading level. Morgan Stanley Adjusts Price Target
- Negative Sentiment: Margin focus remains a risk: Coverage following the earnings report indicates investors are scrutinizing margins and the sustainability of recent earnings gains, which could limit further upside if profitability moderates. Gen Digital Stock Repriced After Q2 Earnings
Gen Digital Company Profile
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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