Gen Digital Inc. (NASDAQ:GEN – Get Free Report) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $31.2857.
Several analysts have commented on the stock. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Argus raised shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Barclays lifted their target price on shares of Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group lowered shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th.
Check Out Our Latest Stock Analysis on GEN
Gen Digital Stock Down 0.2%
Gen Digital (NASDAQ:GEN – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. Gen Digital’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. 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. As a group, sell-side analysts expect that Gen Digital will post 2.59 EPS for the current year.
Gen Digital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, May 18th. Gen Digital’s dividend payout ratio (DPR) is 31.65%.
Hedge Funds Weigh In On Gen Digital
A number of hedge funds have recently made changes to their positions in GEN. Goldman Sachs Group Inc. boosted its holdings in shares of Gen Digital by 1.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after purchasing an additional 28,522 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Gen Digital in the 1st quarter valued at $205,000. Woodline Partners LP boosted its holdings in shares of Gen Digital by 37.8% in the 1st quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock valued at $732,000 after purchasing an additional 7,562 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.
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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