Gen Digital (NASDAQ:GEN) Given New $29.00 Price Target at Royal Bank Of Canada

Gen Digital (NASDAQ:GEN) had its price objective decreased by Royal Bank Of Canada from $33.00 to $29.00 in a research report report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts have also recently weighed in on GEN. Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Barclays boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Morgan Stanley raised their price target on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. B. Riley initiated coverage on Gen Digital in a report on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.43.

Gen Digital Price Performance

Shares of GEN stock traded up $0.32 during trading hours on Friday, reaching $25.77. The company had a trading volume of 9,249,467 shares, compared to its average volume of 4,019,623. Gen Digital has a 12-month low of $22.74 and a 12-month high of $32.22. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 0.87 and a beta of 0.94. The stock has a fifty day moving average of $27.82 and a 200-day moving average of $28.68.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. On average, equities analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Institutional Trading of Gen Digital

A number of institutional investors and hedge funds have recently bought and sold shares of GEN. Vanguard Group Inc. grew its holdings in shares of Gen Digital by 1.4% in the third quarter. Vanguard Group Inc. now owns 72,213,797 shares of the company’s stock valued at $2,050,150,000 after purchasing an additional 964,046 shares in the last quarter. State Street Corp boosted its position in Gen Digital by 1.2% in the 2nd quarter. State Street Corp now owns 29,543,051 shares of the company’s stock valued at $868,566,000 after buying an additional 349,289 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Gen Digital by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after acquiring an additional 1,406,869 shares in the last quarter. First Trust Advisors LP increased its position in shares of Gen Digital by 7.4% during the second quarter. First Trust Advisors LP now owns 15,899,158 shares of the company’s stock worth $467,436,000 after acquiring an additional 1,088,983 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Gen Digital by 0.7% in the second quarter. Geode Capital Management LLC now owns 15,253,089 shares of the company’s stock valued at $449,507,000 after acquiring an additional 101,791 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.