Analysts Set Gen Digital Inc. (NASDAQ:GEN) PT at $35.43

Gen Digital Inc. (NASDAQ:GEN) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.4286.

A number of equities research analysts have weighed in on GEN shares. Morgan Stanley lifted their price objective on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Evercore ISI increased their target price on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Jefferies Financial Group started coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target on the stock. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Royal Bank Of Canada dropped their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th.

Gen Digital Trading Up 0.3%

Shares of GEN stock opened at $27.53 on Tuesday. Gen Digital has a 52-week low of $22.74 and a 52-week high of $32.22. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 0.92 and a beta of 1.11. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a fifty day moving average of $26.79 and a 200-day moving average of $28.56.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS and its Q3 2026 guidance at 0.620-0.64 EPS. On average, equities research analysts forecast that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a dividend of $0.125 per share. The ex-dividend date was Monday, November 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Insider Activity

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total value of $3,082,838.88. Following the transaction, the director directly owned 3,932,980 shares in the company, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Chrystal acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the completion of the purchase, the director directly owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. The trade was a 21.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Institutional Trading of Gen Digital

Several hedge funds have recently modified their holdings of GEN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Gen Digital by 43.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after purchasing an additional 3,724,211 shares during the last quarter. Amundi raised its position in shares of Gen Digital by 273.3% during the second quarter. Amundi now owns 4,303,552 shares of the company’s stock worth $128,289,000 after acquiring an additional 3,150,651 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Gen Digital during the first quarter valued at $71,287,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Gen Digital by 46.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,600,836 shares of the company’s stock valued at $187,398,000 after acquiring an additional 2,103,335 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Gen Digital by 328.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,419,895 shares of the company’s stock valued at $71,145,000 after acquiring an additional 1,855,504 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

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.